Aimia Details Bozzetto Sale, Targets C$265M+ Proceeds for Debt Paydown and New Acquisitions

Aimia logo Aimia (TSE:AIM) executives outlined plans to reshape the company’s balance sheet and investment strategy after announcing the signing of a definitive agreement to sell its Bozzetto business. On a conference call, Executive Chairman Rhys Summerton and President and CFO Steven Leonard described the transaction economics, expected closing timeline, and the company’s intended use of proceeds, with an emphasis on debt reduction and future acquisitions. Bozzetto sale proceeds and timeline Manageme ...