Qatar Investment Authority Enters Voting Agreement for Acquisition of Global Business Travel Group

This Amendment No. 1 to Schedule 13D is filed by the Qatar Investment Authority (QIA) regarding its 16.7% stake in Global Business Travel Group, Inc. (GBTG). The filing reports that on May 3, 2026, QIA's subsidiary, QIA Retail Holding LLC, entered into a Voting and Support Agreement in connection with a Merger Agreement dated May 2, 2026. Under the Merger Agreement, GBTG is to be acquired by Long Lake Management Holdings, Inc. (via Gaia Purchaser, Inc.) for $9.50 per share in cash. Pursuant to the Voting and Support Agreement, QIA has agreed to vote its 87,659,000 shares of Class A Common Stock in favor of the merger and against any competing proposals. The agreement includes restrictions on the transfer of shares and non-solicitation provisions. If the GBTG board changes its recommendation due to an intervening event, QIA's voting obligation is capped at a pro rata portion equal to 35% of the total voting power. The agreement terminates upon the earliest of the merger's completion, termination of the merger agreement, or the outside date of November 1, 2026 (extendable to February 1, 2027).