Amex GBT expects CWT acquisition to close in Q1 2025; UK CMA to Phase 2 investigation

Global Business Travel Group, Inc.

Proposed CWT acquisition now expected to close in Q1 2025.
UK Competition and Markets Authority (CMA) confirms Phase 2 investigation.
Antitrust Division of US Department of Justice also reviewing transaction.
Company believes Phase 2 analysis will demonstrate customer/supplier benefits and continued competition.

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