American Express Global Business Travel

American Express Global Business Travel
Type	Private
Headquarters	Jersey City, New Jersey, United States
Area served	Worldwide
Services	Corporate travel management, Event Management
Number of employees	18,000 (2020)
Website	www.amexglobalbusinesstravel.com

American Express Global Business Travel (GBT) is a multinational travel and meetings program management company headquartered in Jersey City, New Jersey, US.

Ownership

American Express maintains a 50% ownership stake after divesting American Express Global Business Travel in 2014. [1][2] The other 50% is held by a Certares-led investor group, including

Qatar Investment Authority
certain funds managed by
- BlackRock,
- Teacher Retirement System of Texas,
- The Carlyle Group’s (NASDAQ: CG) long-duration private equity platform,
- Carlyle Global Partners, and
- GIC, an institutional investor. [3]

References

Hugo Martin (March 17, 2014). "American Express sells half its business travel division". Los Angeles Times.
"American Express Global Business Travel Enters into Agreement to Create Joint Venture For Business Travel". Amex GBT - United States. Retrieved 2020-02-06.
"American Express Global Business Travel growth strategy builds momentum with new, long-term investors | The Carlyle Group". www.carlyle.com. Retrieved 2020-02-06.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.

[1] Hugo Martin (March 17, 2014). "American Express sells half its business travel division". Los Angeles Times.

[2] "American Express Global Business Travel Enters into Agreement to Create Joint Venture For Business Travel". Amex GBT - United States. Retrieved 2020-02-06.

[3] "American Express Global Business Travel growth strategy builds momentum with new, long-term investors | The Carlyle Group". www.carlyle.com. Retrieved 2020-02-06.