Koninklijke Ahold Delhaize NV repurchased 3,540,266 of its common shares between Jan. 9 and Jan. 27.

The shares were bought at an average price of €19.80 per share, for a total consideration of €70.1 million, Ahold Dehaize said on Jan. 31.

The repurchases form part of the €1 billion share buyback program announced by the company on Dec. 7, 2016.