These products will be showcased at Bangladesh missions abroad, airports, and key locations nationwide, industries ministry minister says
Sri Lanka’s Softlogic buys Bangladeshi retail superstore Agora
Sri Lanka-based Softlogic Holding Plc subsidiary Softlogic Retail Holdings is buying Bangladeshi chain superstore Agora by acquiring a 100% stake in it.
Published : 6 March 2022, 04:22 AM
Updated : 6 March 2022, 04:22 AM
In a filing to the Colombo Stock Exchange, Softlogic said the acquisition would be completed in a series of transactions.
Softlogic drives the retail sector of the Softlogic Group encompassing synergies from its multi-brand and multi-channel strategy, focused on enhancing the retail landscape in Sri Lanka.
Agora Ltd, headquartered in Dhaka, is a retail superstore that operates a chain of hypermarkets, discount department stores, and grocery stores.
Softlogic employs over 11,000 people in Sri Lanka and Australia and operates an asset base of over $750 million to generate an annual turnover of more than $420 million.
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