Amex GBT announces provisional UK antitrust clearance for CWT acquisition

American Express Global Business Travel (GBTG), which is operated by Global Business Travel Group, announced that the UK’s Competition and Markets Authority has provisionally concluded that it has not identified any competition concerns with GBT’s proposed acquisition of CWT, a global business travel and solutions provider. The CMA’s final decision is required to be made by March 9, 2025. The Company continues to defend itself against a lawsuit filed in January 2025 by the Antitrust Division of the U.S. Department of Justice, seeking an injunction to prevent the proposed transaction. The Company previously announced on March 25, 2024, that it agreed to acquire CWT, subject to the satisfaction of customary closing conditions, including the receipt of certain regulatory approvals.