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Jersey Chamber of Commerce

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Category: Local Business News  States of Jersey

Ministerial Response to Condor Ferries Announcement

Nov 14, 2019

Following the announcement today (Thursday 14 November 2019) by Macquarie Infrastructure and Real Assets (MIRA) that they have agreed the sale of Condor Ferries to The Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF) and Brittany Ferries, Senator Lyndon Farnham, Jersey’s Deputy Chief Minister and Minister for Economic Development, Tourism, Sport and Culture said:

“We welcome the news that Condor Ferries is to be sold to the consortium of ESIF and Brittany Ferries. The combination of a well-respected, long-term investor coupled with a proven European ferry operator provides grounds for optimism in the future development of our ferry services.

“Condor Ferries provides genuinely lifeline freight and passenger ferry services for the Channel Islands. We are pleased that this announcement brings to an end a period of uncertainty regarding the future direction of Condor Ferries. The objective for the consortium, working with the Government of Jersey and the Ports of Jersey, is to provide high quality, value for money ferry services for the public of Jersey.

“I am encouraged that the new investors are committed to helping Condor Ferries drive improvements in the reliability and affordability of its operations and to invest in its fleet. We look forward to working with Condor Ferries and their new owners in the months and years ahead to ensure the future success of our ferry operations.”

ESIF is a new open-ended, evergreen fund that invests in European mid-market equity assets, managed by leading global asset management group Columbia Threadneedle Investments.

Government of Jersey News Release.

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