Mitsui to Provide a Convertible Loan to ACI Logistics, operator of Bangladesh's Largest Grocery Retail Chain
Japan, Feb. 25 -- Mitsui & Co., Ltd. ("Mitsui"), through its Singapore-based subsidiary Mitsui & Co. (Asia Pacific) Pte. Ltd. (hereinafter "MAP"), has agreed to partner with ACI Logistics Limited (hereinafter "ACIL"), by providing a convertible loan to ACIL, in accordance with the relevant regulatory approvals. ACIL, a subsidiary of ACI PLC (Head Office: Bangladesh), operates "Shwapno," the nation's largest grocery retail chain with over 800 stores across Bangladesh which serves everyday grocery needs.The ACI Group is one of Bangladesh's leading conglomerates, engaged in a wide range of businesses including retail, mobility, pharmaceuticals, food and agriculture. In November 2024, Mitsui invested in ACI Motors, the group's mobility business...
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