The CMA announced it has referred the anticipated acquisition by Global Business Travel Group, Inc of CWT Holdings, for an in-depth investigation, on the basis that, on the information currently available to it, it is or may be the case that this merger may be expected to result in a substantial lessening of competition within a market or markets in the United Kingdom.
On 30 July, the CMA said the merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address competition concerns. On 6 August, GBT informed the CMA that it would not offer undertakings to the CMA.
The CMA has decided to refer the merger to its chair for the constitution of a group to conduct a phase 2 investigation.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.