Executive Travel
Carlyle, GIC Back Away From AmEx Global Business Travel Deal
Private-equity firm Carlyle Group Inc. and Singapore sovereign-wealth fund GIC Pte. Ltd. are backing away from a deal to take a 20% stake in American Express Global Business Travel, whose revenue has plummeted as a result of the coronavirus pandemic. The deal, announced in December, values the company at $5…
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Click here to read the full story: The Wall Street Journal