TORONTO, Oct. 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.
About Aimia
Aimia Inc. (TSX: AIM) is a holding company with a focus on
long-term investments in public and private companies, on a global
basis, through controlling or minority stakes.
The company operates an investment advisory business through its
wholly-owned subsidiary Mittleman Investment Management, LLC, and
owns a diversified portfolio of investments including a 48.9%
equity stake in PLM Premier, S.A.P.I. de C.V. (PLM), owner and
operator of Club Premier, the coalition loyalty program in
Mexico that operates the
Aeromexico Frequent Flyer program, a 48.4% equity stake in
Kognitiv, a B2B technology growth company enabling collaborative
commerce, a 12.3% equity stake in TRADE X, a global B2B
cross-border automotive trading platform, a 10.85% stake in Clear
Media Limited, one of the largest outdoor advertising firms in
China, as well as minority stakes
in various public company securities and investments in limited
partnerships.
For more information about Aimia, visit www.aimia.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking information" within the meaning of Canadian
securities laws ("forward-looking statements"), which are based
upon our current expectations, estimates, projections, assumptions
and beliefs. All information that is not clearly historical in
nature may constitute forward-looking statements. In some cases,
forward-looking statements are typically identified by the use of
terms such as "potential", "would", "no assurance" and other
similar expressions or future or conditional terms.
Forward-looking statements in this press release include, but
are not limited to, statements with respect to the potential
outcome of discussions with Aeromexico and its Debtors, and
whether agreement will be reached on a potential transaction
whereby the Company would divest its 48.9% equity stake in
PLM.
Such forward-looking statements are not guarantees of future
events or performance and by their nature involve known and unknown
risks, uncertainties and other factors, including the risk that
discussions will not result in an agreement, that the terms and
conditions of any such agreement may not meet expectations and
those risks described in our current Management Discussion and
Analysis and Annual Information Form (each of which have been or
will be filed on SEDAR and can be accessed at www.sedar.com),
that may cause the actual results, performance or achievements of
the Company to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements. Although the Company has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, other factors may cause
actions, events or results to be different than anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate as actual results and future
events could vary or differ materially from those anticipated in
such forward-looking statements. Accordingly, readers should not
place undue reliance on forward-looking statements contained
herein. Aimia disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required under applicable securities laws.
SOURCE Aimia Inc.