Global Business Travel news and trends

Sale Of Share Of AmEx Business Travel To Carlyle And GIC Appears Dead

May 10, 2020
American Express Global Business Travel might not be purchased after all
Quick Reads
Sale Of Share Of AmEx Business Travel To Carlyle And GIC Appears Dead

May 10, 2020
American Express Global Business Travel, seeing its sales more than halved from the pandemic, could now also lose out on a purchase by private equity firm Carlyle Group and Singapore-based GIC, a sovereign wealth fund. The two firms are reportedly backing out and claiming AmEx had violated several of the terms of the agreement, sources […]