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Aimia Inc T.AIM

Alternate Symbol(s):  T.AIM.PR.A | AIMFF | T.AIM.PR.C | T.AIM.PR.D

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets. The Cortland International segment consists of Tufropes and Cortland Industrial LLC (Cortland). Tufropes is a manufacturer of synthetic fiber ropes and netting solutions for maritime and other different industrial customers. Cortland is a designer, manufacturer, and supplier of technology advanced synthetic ropes, slings, and tethers to the aerospace & defense, marine, renewables, and other diversified industrial end markets. The Holdings segment includes investments in Clear Media Limited, Kognitiv, as well as minority investments in various public company securities and limited partnerships.


TSX:AIM - Post by User

Post by Betteryear2on Oct 04, 2021 8:41am
345 Views
Post# 33959965

Confirms Discussions with Aeromexico

Confirms Discussions with Aeromexico

TORONTOOct. 4, 2021 /CNW Telbec/ - Aimia Inc. ("Aimia" or the "Company") (TSX: AIM), announced today that in conjunction with recent disclosures made in the bankruptcy proceedings of Grupo Aeromexico S.A.B. de C.V. ("Aeromexico") (BMV: AEROMEX) relating to PLM Premier, S.A.P.I. de C.V. (PLM), the operator of the Club Premier loyalty program in Mexico, Aimia acknowledges that the Company is in discussions with Aeromexico and its Debtors regarding a potential transaction whereby the Company would divest its 48.9% equity stake in PLM which would become a wholly-owned subsidiary of Aeromexico. 

The Company has not entered into an agreement to effect any particular transaction, and there can be no assurance that such discussions will result in any such agreement. As such, neither Aimia nor any of its designated representatives will be providing any additional comments at this time. The Company does not intend to issue any further press release or provide any updates regarding these matters unless, and until, it enters into a binding, definitive agreement with respect to a transaction. 

All shareholders, prospective investors, and analysts are encouraged to rely only on information provided by the Company in its ongoing disclosures, which are available on the Company website and on SEDAR.

https://www.newswire.ca/news-releases/aimia-confirms-discussions-with-aeromexico-regarding-potential-plm-transaction-884219627.html
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