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Aimia Inc Announces Of Purchase Remaining Stake In Nectar Italia From Banque Accord S.A.


Tuesday, 19 Mar 2013 07:01pm EDT 

Aimia Inc announced that it will take full control of the Nectar Italia coalition loyalty program, acquiring the remaining 25% stake currently held by Banque Accord S.A. The purchase price consideration of approximately EUR7 million ($9 million) will be paid on completion. An additional contingent consideration, for an amount to be determined, may be paid within the next two years, based on the performance of the program. 

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14.12
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4:00pm EDT