| Fair trade watchdog CCI has approved the proposed joint venture between American Express and Juweel Investors, part of sovereign wealth fund Qatar Holding, saying the deal is unlikely to have an adverse impact on competition in India.
Under the deal, American Express' global business travel services, which also has India presence, would be transferred to the new joint venture -- GBT III B V. The joint venture is between American Express and Juweel -- a special purpose vehicle set up by Qatar Holding and certain other investors. "The Commission is of the opinion that the proposed combination is not likely to have an appreciable adverse effect on competition in India," CCI said in an order........................................Full Article: Source
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