Aimia to purchase remaining stake in Nectar Italia

MONTREAL, March 19, 2013 /CNW Telbec/ - Aimia today announced that it will 
take full control of the Nectar Italia coalition loyalty program, acquiring 
the remaining 25 per cent stake currently held by Banque Accord S.A. 
The purchase price consideration of approximately €7 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. 
Over the three years since its launch in March 2010, Nectar Italia has signed 
up over 9.5 million members. Anchored by long term contracts with retailers 
Auchan, Simply Sma and a Nectar Italia co-branded financial cards offering, 
the program has 14 sponsor partners today. 
Rupert Duchesne, Group CEO, said: "Our ability to deliver significant numbers 
of new members despite the deterioration in the Italian economy over the last 
three years is testament to the value members can derive from participating in 
coalition loyalty programs. We continue to make investments based on the 
value that we believe they can bring over the longer term for shareholders." 
The transaction is expected to close within the next 60 days. 
About Aimia  
Aimia Inc. ("Aimia") is a global leader in loyalty management. Employing more 
than 4,000 people in over 20 countries worldwide, Aimia offers clients, 
partners and members proven expertise in launching and managing coalition 
loyalty programs, delivering proprietary loyalty services, creating value 
through loyalty analytics and driving innovation in the emerging digital, 
mobile and social communications spaces.  
Aimiaowns and operates Aeroplan,Canada'spremier coalition loyalty 
program andNectar, theUnited Kingdom'slargest coalition loyalty program. 
In addition,Aimia owns stakes in Air Miles Middle East, Nectar Italia, 
Mexico'sleading coalition loyalty program Club Premier, Brazil's Prismah 
Fidelidade, and i2c, a joint venture with Sainsbury's offering insight and 
data analytics services in the UK to retailers and suppliers. Aimia also holds 
a minority position in Cardlytics, a US-based private company operating in 
transaction-driven marketing for electronic banking. Aimia is listed on 
theToronto Stock Exchange(TSX: AIM). For more information, visit us at 
Media Krista Pawley 416- 352 3794 
Analysts & Investors Karen Keyes 514-205-7163 
Megan Ratcliffe +44-20-7152 4881 
To view this news release in HTML formatting, please use the following URL: 
ST: Quebec
-0- Mar/19/2013 23:01 GMT
Press spacebar to pause and continue. Press esc to stop.