Qatar forms JV with Amex, partners, to form $900m business travel firm | Qatar forms JV with Amex, partners, to form $900m business travel firm -
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Qatar forms JV with Amex, partners, to form $900m business travel firm

: Thursday, March 20 - 2014 @ 14:01

American Express Co (Amex) has agreed with Qatar Investment Authority (QIA), Certares LP, BlackRock Inc. and Macquarie Capital to commit a total of $900m to a business travel joint venture, in what would be the largest single investment ever made in a travel management company, Reuters has reported. QIA will have a bigger stake in the joint venture than the other three investors, according to a person familiar with the matter. Amex will own half of the joint venture.

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Thursday, March 20- 2014 @ 14:01 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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