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American Express Global Business Travel Announces Provisional UK Antitrust Clearance of Acquisition of CWT

1. UK's CMA finds no competition issues with GBT's CWT acquisition.

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FAQ

Why Bullish?

The CMA's approval signals positive market sentiment and operational expansion potential for GBTG.

How important is it?

The acquisition's impact on GBT's scale and profitability makes this news highly significant.

Why Long Term?

Successful acquisition may enhance GBTG's market share and revenue streams over time.

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NEW YORK--(BUSINESS WIRE)--American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense, and meetings & events, today announced that the UK's Competition and Markets Authority (the "CMA") 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.

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