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Brief
"On 06/11/2024, the Competition and Markets Authority issued an update regarding CMA publishes interim report in corporate travel merger.
The proposed merger between Global Business Travel Group (GBT) and CWT Holdings LLC (CWT) has the potential to substantially lessen competition due to the merged company being the clear market leader. The provisional findings of the independent inquiry group suggest that GBT and CWT's customers, including UK headquartered businesses and international companies with significant operations in the UK, would face reduced choice and quality, and higher prices as a result of the merger."
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