Published : 06 Mar 2022, 10:22 AM
Updated : 18 Jul 2022, 02:31 PM
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.
