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Brittany Ferries ‘submits formal offer’ for Condor
The president of Brittany Ferries has said the company has formally submitted an offer to buy its rival, Condor.
Speaking to French newspaper Ouest-France, Jean-Marc Roué confirmed the news, adding he thought other businesses would also be submitting an offer, according to the Jersey Evening Post.
Condor is owned by a European fund controlled by Australian investment banking company Macquarie Group.
The fund has now come to the end of its fixed term and the business plans to sell the assets within it.
The news follows a report from the same newspaper in June that the French-based shipping company was putting in the offer to counter a ‘rapid-expansion plan’ from one of its competitors, Danish company DFDS.
The article also said that the move would secure vital ports – St Malo, Poole and Portsmouth – from their competitors.
It’s believe other carriers, such as Stena and Irish Ferries, could also be interested.
The ferry operators have worked together in the past, when Condor began operating a Poole-Cherbourg service for Brittany Ferries, which ran for seven years until May 2008.
Condor was founded in 1964, initially operating passenger services between France and the Channel Islands, before linking to the UK in 1987.
Brittany Ferries runs nine routes between the UK, Ireland, France and Spain, out of 11 different ports.
Brittany Ferries has not responded to its president’s comments.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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