American Express close to deal with Apollo-backed Spac
The deal would represent a vote of investor confidence in business travel despite a bumpy 2021 recovery
American Express Global Business Travel is close to a merger with a blank-cheque company backed by Apollo Global Management to go public with a roughly $5.3bn valuation, people familiar with the matter said.
A travel-booking services provider for corporate customers, AmEx Global Business Travel is 50% owned by American Express. It is nearing a deal to combine with the special-purpose acquisition company Apollo Strategic Growth Capital, the people said.
The...
