Aimia Receives Final C$67 Million From 2019 Aeroplan Sale Nice bit of Cash to invest...Lets' hope it is used wisely...
Aimia Receives Final C$67 Million From 2019 Aeroplan Sale
02:18 PM EDT, 07/23/2020 (MT Newswires) -- Aimia (AIM.TO) was down nearly 2% after the investment holding company on Thursday said it received the final C$67 million owing from its C$497 million sale of Aeroplan, Air Canada's (AC.TO) loyalty plan, to the airline in January, 2019.
The company said the funds had been held in a restricted account "established in relation to certain indemnification obligations under the sale of the Aeroplan program, after fulfilling all of its related legal conditions".
Aimia shares were last seen down C$0.06 to C$3.10 on the Toronto Stock Exchange.
Price: 3.11, Change: -0.05, Percent Change: -1.58
Cheers to the patient investors