Corporate travel merger could lead to businesses paying higher prices

News Competition English Sanctions & Fines

Date: 30th Jul, 2024 Source: Competition and Markets Authority Country: United Kingdom Original Source

Brief

iStock Global Business Travel Group (GBT) and CWT Holdings LLC (CWT) are both major suppliers of business travel agency services to corporate customers around the world. GBT announced its intention to acquire CWT for $570 million in March 2024. The CMA is concerned that the merger could lead to worsened quality of service, higher prices

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Corporate travel merger could lead to businesses paying higher prices

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Corporate travel merger could lead to businesses paying higher prices

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