Sale of Condor completed
CONDOR has completed its sale.
The confirmation of the sale was made by CEO Paul Luxon on Friday afternoon.
‘We are delighted that the formal transfer of ownership has been completed following the initial announcement last November,’ he said.
‘As a company, Condor’s immediate focus is to continue preparing for the season. We fully recognise we play a vital role in supporting the visitor economies of Jersey and Guernsey alongside our commitment, for over 70 years, to providing essential freight services and travel options for islanders.
‘The new shareholders share our vision for maintaining and developing ferry services and we will be working with them, along with local stakeholders, on long-term plans that include fleet replacement and investment.’
Its current shareholder, Macquarie Infrastructure and Real Assets, struck a deal to sell its 100% interest to a consortium of Columbia Threadneedle Investments, the majority shareholder, and Brittany Ferries. The ferry service operates passenger sailings between the islands, Poole, Portsmouth and St Malo, as well as freight services.
