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Ahold Delhaize to launch $1.2 billion buyback after Q3 profit beat

Nov 5 (Reuters) - Dutch supermarket group Ahold Delhaize AD.AS said on Wednesday it was planning to carry out 1 billion euro ($1.2 billion) share buyback, starting at the beginning of 2026.

The company, which operates the Food Lion chain in the United States, also beat market consensus on its third-quarter underlying operating income, supported by strong performance of the U.S. business.

($1 = 0.8575 euros)

(Reporting by Mateusz Rabiega in Gdansk, editing by Milla Nissi-Prussak)

((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))

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