Amex Travel säljer halva resebyrådelen och gör ett JV med Certares Bank

American Express to sell half of business travel division

A group led by Certares Investment Bank is planning to invest up to $1 billion in a joint venture with American Express Global Business Travel.

American Express said that it wants to create a greater investment capacity for its business travel division, to enhance its products and services and help attract new customers and grow internationally.

American Express said that it would have a 50% stake in the joint venture, which would continue to operate under the American Express Global Business Travel brand.

American Express said the transaction should close in the second quarter of 2014. A board of directors would include representatives appointed by American Express and the new investor group.

While working on the joint venture, the current management team will remain in place.

Stephen Squeri, group president of Global Corporate Services, said that the joint venture is part of an ongoing effort to restructure American Express’ corporate travel business. American Express announced a cost-reduction plan for its business travel division earlier this year.

Peter Hellman

Om pwh

Senior Travel Adviser More than 40 years of experience from distribuation,web and social media strategy. Digital communication projects and education to University. . Interested in sharing my ideas and experience with creative teams and brave clients. Peter Hellmans Specialties: senior analyst, travel, tourism and sports focus on basketball web strategy, web 2.0, social media, payments,marketing, creativity, meetingindustry, start-up and China . Board member and partner to five company and organisations. Mentor to people from Africa and,Grecce. Specialties: Neetwork links. Linkedin,Twitter,Facebook Peter Hellman född 1952 Rese-turistanalytiker -innehar stort nätverk i Sverige och internationellt. 40 års erfarenheter av affärsmodeller och strategier inom distribution, e-handel, betal -och mobil lösningar, mötesindustrin, säkerhet, hållbarhet och turism. Entreprenör, investerare, mentor i bolag , högskolan och organisationer. Ledamot/partner i Style Scandinavia, Clic Solution, DDoS Solutions, GreenBay Payment, Mobitrotter, GolfSki World Adventure. Ledamot i Trippus Event solution sedan 2001. Rådgivare till Travel News och Framtidsgruppen. Författare av rapporter om Mötesindustrin, Kina och e-handel åt Tillväxtverket. Seminariearrangör tillsammans med VA, AfV, TN och Tillväxtverket. Fd affärsutvecklingschef för Amex/Nyman & Schultz Sverige och projektledare för bildandet av First Card. Fd VD för ett kinesiskt rese och turistföretag. Styrelse Medlem i internationella branschorganisationer- Skål tidigare även i MPI Europe och ICCA Norden.
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