Condor Ferries has been sold.
Paul Luxon, Condor Ferries’ CEO, said:
“We are delighted with today’s announcement confirming an agreement has been reached by our current shareholder, Macquarie Infrastructure and Real Assets, to sell its 100% interest in Condor Ferries to a consortium of Columbia Threadneedle Investments (CTI), the majority shareholder, and Brittany Ferries (BF).
“The new shareholders wholeheartedly share our vision and strategy for maintaining and developing essential Channel Islands’ lifeline ferry services across the freight supply chain, Islander travel and tourism sectors.
“Having met with senior executives of CTI and BF on several occasions, the company welcomes such experience and expertise from the new shareholders, and having introduced them to key stakeholders including politicians and senior civil servants, discussions on fleet replacement and future investment will continue.
“Condor Ferries’ management and staff will continue to deliver the five year business plan that is underway and focus on providing efficient and effective sea connectivity to support the Channel Islands’ economies.”