Skip to main content

INCORPORATING

BRITTANY FERRIES TAKES STAKE IN CHANNEL ISLANDS OPERATOR

Friday, November 15, 2019 

Brittany Ferries, in consortium with the Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF), has reached an agreement to acquire 100% of Condor Ferries from Macquarie Infrastructure and Real Assets (MIRA).

Contracts have been signed and the deal is expected to be executed following scrutiny by relevant regulatory authorities. Brittany Ferries will hold a minority stake. Condor Ferries operates between Guernsey, Jersey, the United Kingdom, and St Malo in France.

ESIF is a new fund that invests in European mid-market equity assets, managed by Columbia Threadneedle Investments. Heiko Schupp, Global Head of Infrastructure Investments at Columbia Threadneedle Investments, said: “This agreement is exciting news for us as it marks the first investment for the Columbia Threadneedle European Sustainable Infrastructure Fund. Its evergreen structure suits long-term, income-producing infrastructure assets such as Condor Ferries. We are delighted to have partnered with Brittany Ferries and look forward to working with management, employees and the Channel Islands towards the long-term security and development of Condor’s ferry services.”

 “We are delighted to be part of the consortium that has agreed to acquire Condor Ferries,” said Christophe Mathieu, CEO Brittany Ferries. “Brittany Ferries and Condor enjoy a long history in commercial operations and a closer cooperation between the two companies will create opportunities for sharing expertise and best practice. We believe this is a positive step and look forward to playing our part in supporting the economies and communities of the Channel Islands into the long term.”

 “I am proud and honoured that we have concluded a partnership with the Columbia Threadneedle European Sustainable Infrastructure Fund. It allows us to reconnect with a route to the Channel Islands that Brittany Ferries operated in the past,” concluded Jean-Marc Roué, Chairman of Brittany Ferries.

Reader Comments (0)

There are currently no comments on this article. Why not be the first and leave your thoughts below.

Leave Your Comment

Please keep your comment on topic, any inappropriate comments may be removed.

Return to index

Web Analytics