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
About Peter Hellman
Senior Travel Adviser
More than 50 years of experience from distribuation,web,social media strategy and digital communication projects.
Interested in sharing my ideas and experience with with creative teams,brave clients and students.
Peter Hellmans Specialties:
Revenue Management, Market Analysis, Segmentation, Pricing, Payments,Future Projections in Travel Industry, high knowledge throughout the Travel Industry, Transport Modes. Destination development, travel, tourism,meetings,ancillary service and sport
web strategy, web 2.0,digital, social media, marketing, creativity,meetings industry and China .
Neetwork and education member of University,Skål,and before MPI ,ICCA
Peter Hellman född 1952
Rese-turist analytiker -innehar stort nätverk i Sverige och internationellt.
40 års erfarenheter av affärsmodeller och strategier inom distribution, e-handel,
betal -och mobila lösningar, mötesindustrin, säkerhet, hållbarhet och turism.
Entreprenör, investerare, mentor i bolag , högskolan och organisationer.
Ledamot/partner i Style Scandinavia, Clic Solution, Clarifade Visa,BlueBarricade Blockchain Tech, Trippus Event Solution sedan 2001.
Rådgivare till Travel News och Framtidsgruppen. Medlem i Södertörns Högskola programråd sedan 2003
Författare av rapporter om Mötesindustrin, Kina och e-handel åt Tillväxtverket.
Seminarie arrangör 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. Fd Styrelseordförande och ledamot i basketklubben Solna Vikings.
Styrelse Medlem i internationella branschorganisationer- Skål tidigare även i MPI Europe och ICCA Norden.Mentor till flera start -up företag,entreprenörer och högskolestudenter.
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