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.