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Brittany Ferries Wants To Buy Condor Ferries

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Could Barfleur  or any other present BF ferry access Guernsey and Jersey ?

Edited by spll

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8 minutes ago, spll said:

Could Barfleur  or any other present BF ferry access Guernsey and Jersey ?

Only Normandie Express. I expect in time purpose built ro paxes would be ordered.

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1 hour ago, spll said:

Could Barfleur  or any other present BF ferry access Guernsey and Jersey ?

Also Guernsey's harbour is significantly more accomodating than Jersey's. Less affected by tides and can take slightly bigger vessels. If only Jersey would sort their harbour. Guernsey has also discussed an extension to the existing harbour with a berth capable of taking approx 150 m long vessels-if I remember the exact length correctly, but something like that  (the current limit is 130 m in Guernsey).

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2 hours ago, Nick Hyde said:

No announcement yet on local CI media. Must have been a false rumour. Perhaps tomorrow?

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Ferry Shipping Summit have just sent a press release:

This has been copied and pasted from it.

Brittany Ferries, in consortium with the Columbia Threadneedle European Sustainable Infrastructure Fund (ESIF), has reached an agreement to acquire 100 percent 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 is an operator of lifeline freight and passenger ferry services. Each year, Condor Ferries carries approximately 1 million passengers, 200,000 passenger vehicles, and over 900,000 freight lane meters between Guernsey, Jersey, the United Kingdom, and the Port of St. Malo in France.

Brittany Ferries began operations in 1973. Today its fleet includes twelve ships connecting France, the United Kingdom, Ireland and Spain. It operates from three ports in the UK, Portsmouth, Poole and Plymouth and carries around 2.5 million passengers every year, as well as 210,000 freight units.

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.

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Heiko Schupp, Global Head of Infrastructure Investments at Columbia Threadneedle Investments, said: “This acquisition is exciting news for us as it marks the first investment for the Columbia Threadneedle European Sustainable Infrastructure Fund. We believe the fund’s evergreen structure and flexible approach to capital investments is best-suited for investing into long-term and stable infrastructure assets such as Condor Ferries. We are delighted to have partnered with Brittany Ferries on the acquisition 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,” added 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.

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So one Investment fund buys Condor from another but brings in BF to assist in running it. Mathieu is quoted as saying they will be sharing expertise and best practice. I would think that means back office functions, maybe crewing/rosters and reservations.BF staff would assist and deal with Condor vessels, passengers and cargo at Portsmouth and Poole. It might also be the ideal opportunity to dispose of NEX, which must have been an albatross round their neck for years, considering how little its used.

  Interesting to see how it all pans out

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I wonder if there'll choose to rebrand the Condor operation as Brittany Ferries. Flybe will be rebranded as Virgin Comnect even though Virgin are one of three shareholders.

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2 hours ago, Nick Hyde said:

I wonder if there'll choose to rebrand the Condor operation as Brittany Ferries. Flybe will be rebranded as Virgin Comnect even though Virgin are one of three shareholders.

I would say, given the value in BF's rich heritage of France and Spain destinations - that they would keep it separate.

Also - BF is all about cruise ferries, and a la carte dining. Not really akin to a fleet of mostly Incats!

Edited by hf_uk

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Brittany Ferries get a 25 per cent stake in Condor acvording to this article by Gary Burgess on the ITV Channel website. Very similar to the percentage stake they had in BCIF.

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