GBTG challenges UK CMA interim report on CWT acquisition; reaffirms Q1 2025 close

Global Business Travel Group, Inc.

UK CMA interim report says Amex GBT's acquisition of CWT may substantially lessen competition in UK.
Amex GBT disagrees, will respond to correct errors; says CMA ignored evidence on dynamic, competitive business travel sector.
Company reaffirms Q1 2025 closing expectation; also working with U.S. DOJ on antitrust review.
Acquisition expected to create synergies, boost innovation, and maintain competition in business travel services.

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