Court of Amsterdam rules in favor of Sunweb Group’s decision to terminate the Corendon transaction, fully rejecting the Sellers’ claims

Court of Amsterdam rules in favor of Sunweb Group’s decision to terminate the Corendon transaction, fully rejecting the Sellers’ claims

Today, the Court of Amsterdam has confirmed that Sunweb Group does not have to pursue the acquisition and denied all claims of Corendon.

"We were confident in our legal position and are pleased that today all claims of Corendon have been denied. With the current outcome we can put this case behind us and continue focusing fully on our strategy as an independent company to become the leading digital holiday expert.  All this with the continuous support of our shareholders and lenders”, said Mattijs ten Brink, CEO of Sunweb Group.

 As previously announced, the decision of Sunweb Group not to continue the acquisition of Corendon and to terminate the 'SPA’ in accordance with the conditions, was reviewed by the Court of Amsterdam on 23 November.

Today all claims of Corendon have been denied. The judgment of the court is only a provisional decision. The question whether the conditions for the deal have been met or not will ultimately have to be decided in full legal proceedings on the merits. Sunweb Group is confident about its legal position in such proceedings.

About Sunweb Group

As one of the largest travel operators in Europe, Sunweb Group is the driving force behind brands across seven international markets - in the Netherlands, Belgium, Denmark, France, UK, and Germany.

At Sunweb Group, our ambition is to become the leading digital holiday expert. We’ll do this by continuing to develop digital brands that stand out, leading the way for our partners through truly human interactions and ever-expanding hospitality expertise. To achieve this, we’re not afraid to do things differently, shaking up the market and setting new and bolder standards.

Sunweb and Eliza was here are the best-known brands of the group. Sunweb leads the way in online package holidays for sun worshippers and winter sports enthusiasts alike. Eliza was here is focussed on small-scale package travels to unique destinations for the discerning traveller. 

With around 400 employees and more than 250 tour guides and area managers in local destinations, we’re always there for our customers. And as an employer, Sunweb Group are proud of our unique attitude, encouraging our people to develop an open mind, personal growth and to make a meaningful impact every day. 

This combination of our people focussed ethos, centralised management and strong online business model has paid off with more than a million happy customers for Sunweb Group every year. Sunweb Group were acquired by Triton Fund V in February 2019, and we look forward to continuing to make travel a pleasure for millions more. 

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Sunweb Group
Martine Langerak
Head of Communications & PR
Phone: +31 6 531 316 04
E-mail: [email protected]

PR Agency LEWIS 
Kirsten Spoelstra en Willemijn Albers
Phone: +31 20 220 0220
E-mail: [email protected]

Sunweb Group
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Switzerland