Brittany Ferries, which will be a minority stakeholder, said the contracts have been signed while the deal would be executed once all regulatory checks are completed.
Condor Ferries is an operator of lifeline freight and passenger ferry services. Each year, the operator 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.
“We are delighted to be part of the consortium that has agreed to acquire Condor Ferries,” Christophe Mathieu, CEO Brittany Ferries, said.
“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.”
“It allows us to reconnect with a route to the Channel Islands that Brittany Ferries operated in the past,” Jean-Marc Roué, Chairman of Brittany Ferries, added.
Brittany Ferries began operations in 1973 and 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.