Softlogic buys Bangladesh retail superstore Agora – The Morning

Date:

Softlogic Holdings PLC announced that the company’s fully owned subsidiary Softlogic Retail Holdings (Pvt.) Ltd. has entered into a sale and purchase agreement last Friday (4) for the acquisition of Agora Ltd. of Bangladesh by acquiring a 100% stake in the said company via a series of transactions, subject to terms and conditions set out therein and receipt of regulatory approvals.

Agora Ltd. of Bangladesh, headquartered in Dhaka, is a retail superstore that operates a chain of hypermarkets, discount department stores, and grocery stores.

Softlogic Retail Holdings (Pvt.) Ltd. drives the dynamic and aggressive 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.

Softlogic Retail Holdings (Pvt.) Ltd.’s operations include branded apparel, consumer electronics, mobile handset and distribution, supermarkets, and quick-service restaurants.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

කෝප් කමිටුවෙන් ගෑස් සමාගමට නියෝගයක්

දෛනිකව බෙදන ගෑස් සිලින්ඩරවලින් සියයට 60 ක්...

සාපෙළ කාලයේ රාත්‍රී විදුලි කප්පාදුව නෑ

සාමාන්‍ය පෙළ විභාගයට පෙනී සිටින දරුවන්ට පහසුකම් සැළසීම සඳහා...

මැතිසබයේ උණුසුම් වෙයි

ජනතා විමුක්ති පෙරමුණේ විජිත හේරත් මන්ත්‍රීවරයාට ශ්‍රී ලංකා පොදුජන...