2011/5/18

Ahold: greatly reduces its share repurchases

Ahold announced that it has repurchased 122.500 of its own shares last week for a total of around 1.2 million euros. The weighted average price of the operation came to 9.52 euros per share.
By comparison, the group had repurchased approximately 4.1 million shares the previous week.
The food retailer based in the Netherlands recalls that these acquisitions are part of its share buyback program of one billion euros announced last March 3.
To date, nearly nine million shares were repurchased under the program, amounting to 85.3 million euros.