Get Your Passport Ready; American Express Global Business (NYSE: GBTG), Gets United Kingdom’s Competition and Markets Authority to Continue Acquisition

American Express Global Business Travel (NYSE:GBTG), which is operated by Global Business Travel Group, Inc. (GBTG) (“Amex GBT” or the “Company”), a leading software and services company for travel, expense and meetings and events, received approval today from the United Kingdom’s Competition and Markets Authority (CMA) to complete its acquisition of CWT, a global business travel and meetings solutions provider.

“We are pleased with the CMA decision,” said Amex GBT CEO Paul Abbott. “By combining with CWT, we can provide even more value and choice to customers and suppliers and more opportunities for CWT employees.”

Eric J. Bock, Amex GBT’s Chief Legal Officer and Global Head of M&A stated: “The CMA decision also further reinforces our belief that the lawsuit initiated by the U.S. Department of Justice (DOJ) is fundamentally flawed, taking a narrow and outdated view of competition, and disregarding the emergence of numerous significant competitors in business travel. We stand by the benefits of combining with CWT and are confident in the merits of our legal position. We are prepared to prove this in court if required.”