Market Chatter: Global Business Travel Group Exploring Possible Sale

MT Newswires Live11-25

Global Business Travel Group (GBTG), also known as Amex GBT, is considering selling the company after its stock has struggled, Bloomberg reported Monday, citing people familiar with the matter.

The report said the New York-based firm has hired advisers and is expected to attract interest from other corporate travel companies as well as private equity firms.

The talks are still in the early stages, and there is no guarantee a deal will occur, the sources told Bloomberg, adding that the company may ultimately decide to remain independent.

Global Business Travel Group did not immediately respond to an MT Newswires request for comment.

Shares of the company were up about 11% in Tuesday's premarket trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 8.12, Change: +0.80, Percent Change: +10.93

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