Reuters reports that Ahold has signed a deal to sell its stake in Thai unit CPC Ahold to Central Group, its partner in that business. CPC Ahold operates 47 stores in Thailand, and serves a s a wholesaler to some 300 c-stores.
The move completes Ahold's withdrawal from Asia, and continues the company's strategy of divesting non-core businesses to retire debt and deal with a billion-dollar accounting scandal.
The move completes Ahold's withdrawal from Asia, and continues the company's strategy of divesting non-core businesses to retire debt and deal with a billion-dollar accounting scandal.
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