Mithaq Capital, a Saudi-based family office that owns about 20 per cent of shares in the Montreal-based company, cited “concerns previously raised with Aimia regarding capital allocation decisions relating to acquisitions” and said it will vote against re-electing the eight-member board. The vote is scheduled for April 18. (The Logic)
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Mithaq Capital, a Saudi-based family office that owns about 20 per cent of shares in the Montreal-based company, cited “concerns previously raised with Aimia regarding capital allocation decisions relating to acquisitions” and said it will vote against re-electing the eight-member board. The vote is scheduled for April 18. (The Logic)
Talking point: Aimia, which sold loyalty rewards program Aeroplan to Air Canada for about $516 million in 2019, has since reinvented itself as an investment holding company. In January, Aimia paid nearly $250 million for synthetic rope producer Tufropes, then acquired chemical company Giovanni Bozzetto for approximately $328 million in March.
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