Macquarie Infrastructure and Real Assets has agreed to sell its 100 per cent interest in Condor Ferries to a new investor consortium – the Columbia Threadneedle European Sustainable Infrastructure Fund, as majority shareholder, along with Brittany Ferries.
ESIF has teamed up with Brittany Ferries as the minority shareholder to form the consortium, and Brittany Ferries and Condor will operate entirely separately as standalone businesses serving their different ferry operation markets.
The consortium is investing in Condor and will maintain its focus on delivering sea connectivity serving the Channel Islands’ lifeline services covering the freight supply chain, Islander passenger and car travel, and tourism sectors.
Condor Ferries’ Jonathan Godson says: “It’s very much business as usual and we look forward to developing the fleet and investment plans with the island authorities supported by our new shareholders.
“This is an exciting next step in the company’s evolution and a fantastic opportunity to have the support of new investors who are aligned to Condor’s vision and strategy.”
