Dutch retail group Ahold has sold its stake in CRC Ahold in Thailand to its partner the Central Group, to complete its withdrawal from its Asian operations.

CRC Ahold operates 47 stores and has a wholesale business delivering to 300 convenience stores in Thailand. No financial details of the deal were disclosed.

The Central Group has divisions in retail, hotels, property, wholesale, manufacturing and food franchises.

The withdrawal from Asia is part of Ahold's strategy to reduce debt at the group.