AmEx Unit To Buy Travel Co. After It Sells Fintech Arm To Visa

American Express’ travel management unit said it will acquire peer company Hogg Robinson Group for up to 120 pence ($1.66) a share in a cash deal announced Friday, at the same time the UK-based Hogg Robinson has said it will sell its fintech arm to Visa for £141.75 million.

The two deals go hand in hand, as AmEx’s Global Business Travel said in a statement that the price per share is contingent on when Hogg Robinson Group PLC completes the sale of its financial technology unit...

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