MONTREAL, Dec. 24, 2018 /CNW Telbec/ - Aimia Inc. (TSX:
AIM) ("Aimia") today announced that the sale by Aimia to Air Canada of all of the shares of Aimia Canada Inc., owner and operator
of the Aeroplan loyalty program, pursuant to the share purchase agreement entered into by the parties on November 26, 2018, has cleared the applicable regulatory requirements with the issuance of a no action letter
under the Competition Act (Canada). In addition, Air Canada has informed Aimia that the
required confirmation under the Canada Transportation Act has also been obtained. By way of reminder, Aimia has convened a
special meeting of common and preferred shareholders to be held on January 8, 2019 for the purpose,
among other things, of considering and voting on the transaction. Closing of the transaction is expected to occur in January 2019 shortly following the special meeting of shareholders and remains subject to the satisfaction of
customary conditions, including the required shareholder approval.
About Aimia
Aimia Inc.'s (TSX: AIM) data-driven marketing and loyalty analytics provides clients with the customer insights they need to
make smarter business decisions and build relevant, rewarding and long-term one-to-one relationships, evolving the value exchange
to the mutual benefit of both our clients and consumers.
Aimia partners with groups of companies and individual companies to help generate, collect and analyze customer data and build
actionable insights.
Our businesses include Aeroplan in Canada and Air Miles Middle East. The provision of loyalty
strategy, program development, implementation and management services for other clients are underpinned by leading products and
technology platforms such as the Aimia Loyalty Platform – Enterprise and Aimia Loyalty Platform – SaaS, and through our analytics
and insights business, including Intelligent Shopper Solutions. In other markets, we own stakes in loyalty programs, such as Club
Premier in Mexico and Think Big, a partnership with Air Asia and Tune Group. Our clients are
diverse, and we have industry-leading expertise in the fast-moving consumer goods, retail, financial services, and travel and
airline industries globally to deliver against their unique needs.
For more information about Aimia, visit www.aimia.com.
SOURCE AIMIA
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