Loyalty rewards company Aimia has sold around half its stake in Cardlytics.
In Brief:
-
Aimia has sold 1.5mn shares for $59.8mn.
-
Cardlytics is an intelligence platform that works with financial institutions to help boost engagement.
-
Aimia says it will continue to evaluate its remaining investment in Cardlytics.
What does this mean?
Perhaps nothing personal? Aimia is trying to gather capital for bolt-on acquisitions so it is looking to sell shares where it can.