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Koninklijke Ahold NV Quadruples Share Buyback To EUR2 Billion-Reuters


Tuesday, 4 Jun 2013 01:32am EDT 

Reuters reported that Koninklijke Ahold NV quadrupled the size of its planned share buyback to EUR2 billion ($2.61 billion) as it rewarded shareholders with most of the gains from the sale of a stake in Nordic group ICA. The total buyback, originally set at EUR500 million, now represents some 15% of the group's share capital and follows the $3.1 billion sale of a 60% stake in ICA completed in March. 

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