CWT deal

Global Business Travel

30/07/2024 13:16

July 30 (Reuters) - Britain's competition regulator said
on Tuesday it has found competition concerns over Global
Business Travel Group's   GBTG.N  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.
    
    
    
    
    
    


 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Eileen Soreng)
 ((abyjose.koilparambil@thomsonreuters.com))