Brittany Ferries is to become the majority owner of Condor Ferries following recent changes in the ownership structure. (see also Ferry Shipping News, week 32)
Condor Ferries is the passenger and freight ferry operator between the UK (Poole, Portsmouth), the Channel Islands and St. Malo in France. Condor was originally acquired in November 2019 by a consortium comprising Brittany Ferries and the London-based Columbia Threadneedle European Sustainable Infrastructure Fund.
Subject to approval by the regulatory authorities in Jersey and Guernsey, the French ferry operator will assume majority ownership and operational control of the Channel Islands-based company in the next few weeks.
In January this year, the Government of Jersey and States of Guernsey confirmed a procurement process for a new long-term operating agreement. Brittany Ferries is actively leading this bid and believes it and Condor are the right operators, with the right vessels and experience, to serve the Islands for many years to come.
Once approved, Brittany Ferries will own 51% of Condor Ferries, with Columbia Threadneedle retaining a minority shareholding.
