Brittany Ferries to Acquire Majority of Condor

Business leaders in Guernsey have expressed optimism following Brittany Ferries' announcement to acquire a 22% stake in Condor Ferries, which would elevate its ownership to 51%, with an option to secure full control. Richard Hemans, a representative from Guernsey's Institute of Directors, highlighted the potential for improved customer experiences under Brittany Ferries' influence. The acquisition is pending regulatory approval from Jersey's Competition and Regulatory Authority, which is inviting public comments on the proposal until August 20. Hemans noted the strategic timing of the acquisition, suggesting it may bolster Brittany Ferries' position in the competitive bidding for the Channel Island ferry contract. He speculated that the firm’s confidence in securing the tender could be a motivating factor behind the deal. Condor Ferries is currently competing against Danish company DFDS for the contract to operate ferry services in the Channel Islands. The outcome of this bidding process is significant, as the new operator is expected to be announced by the end of the year, with a contract duration of 15 years. The Government of Jersey and the States of Guernsey will make the final decision on the operator. As the situation develops, stakeholders and the public are encouraged to stay informed and engaged through local news channels and social media platforms.