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Ahold Delhaize starts €1B share buyback plan

Dutch food retailer Koninklijke Ahold Delhaize NV on Jan. 9 commenced its €1 billion share repurchase program, which was announced on Dec. 7, 2016.

The company expects to reduce its capital by canceling all or part of the common shares acquired through the program.

Ahold Delhaize said it expects complete the buyback before the end of 2017.