American Express sells 30% stake in Global Business Travel for $1.5 billion proceeds

General Catalyst Global Resilience Merger Corp. Units Cons of 1 Sh A + 1/4 Red Wt
American Express Company
Global Business Travel Group, Inc. Class A

General Catalyst Global Resilience Merger Corp. Units Cons of 1 Sh A + 1/4 Red Wt

GCGRU

0.00

American Express Company

AXP

0.00

Global Business Travel Group, Inc. Class A

GBTG

0.00
  • American Express will sell its roughly 30% equity stake in Global Business Travel Group under Long Lake and General Catalyst agreement to acquire GBTG.
  • Closing expected to generate about USD 1.5 billion in proceeds, with pre-tax gain of about USD 975 million.
  • Gain was not included in FY 2026 earnings guidance.
  • Part of gain earmarked for investment, with remaining portion slated for shareholder returns.
  • Brand licensing, commercial agreements, customer commitments with GBTG to remain unchanged.


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