Grupo Aeromexico S.A.B. de C.V. (BMV: AEROMEX) has signed a non-binding proposal to acquire Aimia Inc.´s stake in Premier, S.A.P.I. de C.V. (PLM) for USD180m, the company said.
Shares currently held by Aimia Inc represent 48.855% on a fully diluted basis, of the outstanding shares of capital stock.
This amount, including dividends and marketing fees paid to Aimia since its investment, represents an annualized rate of return for Aimia of approximately 18%.
Grupo Aeromexico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeromexico, MexicoÂ´s global airline, operates more than 600 daily flights.