Stek advises Corendon Holiday Group on the envisaged sale of the tour operator and Dutch airline Corendon to Triton

The Swedish investment firm Triton and Corendon Holiday Group have reached preliminary agreement on the sale and transfer of all shares in Corendon Holding to a portfolio company of Triton. Through the same portfolio company, Triton has recently acquired all shares in the leading European tour operator Sunweb. Corendon Holding is the parent company of the Dutch airline and leading Dutch and Belgian tour operator Corendon. When completed, Sunweb and Corendon will be merged into a joint company under Triton“s support. The Turkish and Maltese airline and the Corendon hotels and resorts will not be part of the transaction. The transaction is still subject to regulatory approvals and to employee consultation procedures.

Please click here for the press release.

This might also interest you

Stek assists Stedin in transport capacity dispute

Stek successfully represented energy distribution system operator Stedin in summary proceedings before the Rotterdam District Court. Stedin was sued by …

Stek advises Foresco Group on the acquisition of Palletcentrale

Stek advised Foresco Group, leading provider of wooden pallets, packing services and pallet recycling, on the further expansion of its …

Stek advises In Ovo on its EUR 40 million EIB financing for innovative poultry technology

Stek advised In Ovo on its EUR 40 million EIB Ā financing to transform agriculture with innovative poultry technology. The agreement …