Condor Ferries CEO Welcomes the Expertise of the New Owners
See also our extra news flash from 14 November 2019.
Paul Luxon, Condor Ferries’ CEO, said in a statement that he is delighted with the agreement between the current shareholder, Macquarie Infrastructure and Real Assets, to sell its 100% interest in Condor Ferries to a consortium of Columbia Threadneedle Investments, the majority shareholder, and Brittany Ferries.
“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.”
He added that Condor Ferries’ management and staff will continue to deliver the five-year business plan that is underway. “We will continue to focus on providing efficient and effective sea connectivity to support the Channel Islands’ economies”.