Provided by AIMIA/CNW
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, 2019for 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.