Ahold Begins Buying Back Shares

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Ahold Begins Buying Back Shares

09/11/2007
AMSTERDAM -- Ahold said yesterday that it has repurchased 10.6 million of its own common shares in the period from Sept. 4 through Sept. 7.

The retail conglomerate repurchased the shares at an average price of 10.0939 euros per share, for a total amount of 106.5 million euros (US $147 million).

These repurchases were made as part of the 1 billion-euro (US $1.4 billion) share buyback program launched Aug. 30, 2007.