Amex GBT receives preliminary UK approval for acquisition of CWT
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Background ✨
American Express Global Business Travel expected to finalise its acquisition of CWT in 1Q2025, following regulatory reviews by authorities, including the UK's Competition and Markets Authority and the US Department of Justice's antitrust division1. The acquisition, valued at USD570 million, was to be funded through a mix of stock and cash2. Additionally, Amex GBT had entered an amended credit agreement to secure a USD1400 million term loan facility and a USD360 million revolving credit facility3.