Mitsui & Co., Ltd. (Mitsui), one of Japan’s leading global trading and investment companies, has agreed to partner with ACI Logistics Limited (ACIL) by providing a foreign currency-denominated convertible loan to ACIL, in accordance with the relevant regulatory approvals through its Singapore-based subsidiary Mitsui & Co. (Asia Pacific) Pte. Ltd (MAP).

The partnership will be implemented through a structured convertible loan facility.

ACIL, a subsidiary of ACI PLC, operates Shwapno, the largest grocery retail chain in Bangladesh, with over 836 stores nationwide.

The signing took place on February 25, at ACI Centre in the presence of signatories — ACI PLC chairman Anis Ud Dowla; managing director Arif Dowla; managing director, ACIL, Sabbir Hasan Nasir; Kazuhide Nakajo, chief operating officer, consumer-centric business development unit, Mitsui & Co. (Asia Pacific) Pte Ltd; and other senior representatives from ACI Group companies and Mitsui.

As one of Japan’s most established multinational corporations with operations in more than 60 countries, Mitsui brings not only capital support but also deep technical know-how, global sourcing capabilities, and extensive cross-industry expertise.

Through MAP, Mitsui has played a vital role in structuring this partnership and will continue to support ACIL in achieving its future strategic mandates.

Recognizing Shwapno’s ability to deliver superior shopping experiences and access to quality goods across markets as well as Shwapno’s operational capability, growth trajectory and leadership position in Bangladesh’s modern retail, Mitsui will collaborate closely in driving operational excellence, governance enhancement, supply chain optimization and sustainable growth.