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Ahold Sells Stake in Central American Joint Venture to Wal-Mart
ZAANDAM, Netherlands and BENTONVILLE, Ark. -- Ahold has sold its indirectly owned stake of 33.3 percent in the Central American Retail Holding Co. N.V. (CARHCO) joint venture to Wal-Mart Stores, Inc., the two companies said. The investment is Wal-Mart's first in the region. The transaction amount wasn't disclosed by either party.