American Express To Spin Off Business Travel Division Into Joint Venture |
| March 17, 2014 | March 2014 Bond Updates |
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American Express announced Monday that it will sell 50% of its Global Business Travel division to an investor group for $900 million. American Express will maintain a 50% stake but the venture will split from the rest of the company. The new venture, however, will pen agreements with divisions to minimize service disruptions. |
| View more at: http://www.forbes.com/sites/samanthasharf/2014/03/17/american-express-to-spin-off-business-travel-division/ |
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