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Aimia sells half of Cardlytics shares

By Adnews Staff

Montreal-based loyalty program operator Aimia has sold approximately half of its stake in Cardlytics, an Atlanta-based company specializing in loyalty programs for banks. Aimia sold 1.5 million shares of Cardlytics for approximately $60 million, retaining ownership of an additional 1.478 million shares. According to the company, it will use the funds to finance future acquisitions following the sale of the Aeroplan program to Air Canada. Aimia also stated that is will “continue to evaluate its remaining investment in Cardlytics.”

August 26, 2019

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