The Certares led collection of companies includes Qatar Holding, BlackRock and Macquarie Capital, as well as Certares itself, and will hold a 50% stake in thedivision.
The announcement comes six months after Amex disclosed it was in talks to create a joint venture for its business travel division, a move it said at the time would yield somewhere in the region of $700 million to $1 billion.
Former-president of Global Commercial Services at Amex, Bill Glenn, will move to the joint venture to become its be president and CEO.
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