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American Express GBT to acquire Hogg Robinson Group

02/09/2018| 6:07:12 PM| 中文

HRG was valued at either GBP376.3 million or GBP410.6 million, based on its share price on September 7 last year with a premium of 45% or 58%.

American Express Global Business Travel (GBT), a leading global travel management company, has today announced it will acquire Hogg Robinson Group (HRG) PLC, a global B2B services company specialising in travel management, in a recommended all-cash acquisition of the entire issued, and to be issued, ordinary share capital.

HRG was valued at either GBP376.3 million or GBP410.6 million, based on its share price on September 7 last year with a premium of 45% or 58%.

The acquisition is conditioned on receipt of antitrust and other regulatory approvals and is expected to close in the second quarter of 2018.

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TAGS: GBT | HRG | acquisition | business travel | travel management
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