Committee for Economic Development President welcomes agreement for sale of Condor Ferries
Following the announcement today by Macquarie Infrastructure and Real Assets (MIRA) that they have reached an agreement to sell the 100 per cent interest they manage in Condor Ferries (via Macquarie European Infrastructure Fund 2) to Columbia Threadneedle Investments and Brittany Ferries, Deputy Charles Parkinson, President of the Committee for Economic Development commented:
"The sale of Condor Ferries to the consortium of Columbia Threadneedle Investments and Brittany Ferries is extremely positive news for Guernsey and the Channel Islands. The sale of Condor to a consortium of proven long-term investors and a respected European ferry operator, with many successful years' operating freight and passenger services between the UK and France, gives us reason to have great confidence in the long-term security and development of our ferry services.
Having had the opportunity to meet with the new investors I am also confident in their commitment to help Condor deliver ongoing improvements to the resilience, reliability and affordability of our passenger and freight services, something an operator the size of Brittany Ferries is well equipped to help do even in the short-term.
Once competition approvals for the transaction have been granted, we look forward to working with Condor Ferries and their new shareholders to help ensure a successful and secure future for this vital lifeline service to Guernsey."