UK competition watchdog finds concerns over Global Business Travel Group-CWT deal-March 2024-www.financetom.com

UK competition watchdog finds concerns over Global Business Travel Group-CWT deal

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UK competition watchdog finds concerns over Global Business Travel Group-CWT deal

Jul 30, 2024 5:51 AM

July 30 (Reuters) - Britain's competition regulator said

on Tuesday it has found competition concerns over Global

Business Travel Group's ( GBTG ) planned $570 million

acquisition of CWT Holdings LLC.

The Competition and Markets Authority said the deal between

the major suppliers of business travel agency services to

corporate customers could lead to worsened quality of

service, higher prices and reduced innovation efforts.

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