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UK competition watchdog to investigate Amex GBT-CWT deal

UK competition watchdog to investigate Amex GBT-CWT deal

The UK’s Competition and Markets Authority (CMA) has announced that it is investigating American Express Global Business Travel’s proposed acquisition of rival travel management company CWT. Amex GBT’s $570 million deal to purchase CWT was first announced in March and would bring together the first and third largest TMCs in Europe. But the transaction will...