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AmEx Global Business Travel to go public via $5.3 bln Apollo SPAC deal

Dec 3 - American Express Global Business Travel said on Friday it would merge with a blank-check firm backed by Apollo Global Management Inc to go public in a deal valued at around $5.3 billion.The merger comes at a time when business travel is recovering from a pandemic-induced slump, in a boost for companies like AmEx GBT that help corporate employees with their travel arrangements.Singapore sovereign wealth fund GIC and the Carlyle Group were looking to purchase a 20% stake in the company i
AmEx Global Business Travel to go public via $5.3 bln Apollo SPAC deal

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