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TMCNet:  CCI OKAYS AMEX-JUWEEL INVESTORS JOINT VENTURE

[June 20, 2014]

CCI OKAYS AMEX-JUWEEL INVESTORS JOINT VENTURE

(Indian Business Insight Via Acquire Media NewsEdge) The Competition Commission of India (CCI) has approved the proposed joint venture (JV) between American Express and Juweel Investors as the deal is unlikely to have an adverse impact on completion in India. Juweel is a special purpose vehicle set up by sovereign wealth fund Qatar Holding and certain other investors. As per the JV deal, the global business travel services of American Express will be transferred to the new JV - GBT III BV.


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