Amex GBT receives UK CMA approval to acquire CWT
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Background ✨
The UK's Competition and Markets Authority provisionally found no competition concerns with American Express Global Business Travel's acquisition of CWT, with a final decision expected by 09-Mar-20251. This acquisition was initially anticipated to close in 2H2024 but was delayed to 1Q2025 as Amex GBT collaborated with regulators, including the US Department of Justice's antitrust division, which filed a lawsuit in Jan-2025 to block the transaction2.