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StocksMediumUpdated×2•Originally published 4 May 2026•Updated 4 May 2026•

1 min read

American Express to Divest Stake in Global Business Travel for $1.5B

Key Facts

1American Express announced the divestiture of its 30% stake in Global Business Travel Group as part of an acquisition deal.

2The sale is expected to yield approximately $1.5 billion in proceeds and a pre-tax gain of about $975 million.

American Express has announced the divestiture of its 30% stake in Global Business Travel Group (Amex GBT) as part of a broader acquisition deal valued at approximately $6.3 billion in cash. The transaction includes participation from Alpha Wave alongside Long Lake and General Catalyst, and is expected to yield $1.5 billion in proceeds for American Express. The deal values Amex GBT shares at $9.50 each, representing a 60.2% premium, with the transaction slated to close in the second half of 2026. American Express clarified that the sale will not alter existing commercial agreements with GBTG or its corporate cards and payments operations. The company intends to utilize the cash infusion to fund growth initiatives and enhance shareholder returns. This strategic move aligns with the company's focus on optimizing its capital structure and core business operations.

about 1 month ago

Version History

1 additional source confirmed this story

Version 2about 1 month ago

What changed: Added Alpha Wave as a participating investor in the acquisition and clarified that existing commercial and payment agreements remain unaffected.

Version 1about 1 month ago

What changed: The story was updated to include the total acquisition value of $6.3 billion, the specific per-share price of $9.50 (a 60.2% premium), and the expected closing timeline in H2 2026.