Brittany Ferries hoping to buy Condor shares

The French ferry firm already has a 29% stake in Condor and if this deal is approved it will take it to 51%

Brittany Ferries is looking to become the majority stakeholder of Condor Ferries.

The Jersey Competition and Regulatory Authority (JCRA) has asked for views on whether Brittany Ferries can buy 22% of the shares in Condor, with an option to buy 100%.

The French ferry firm already has a 29% stake in Condor and if this deal is approved it will take it to 51%.

People have until 20 August to send their comments on the proposed deal to the JCRA.

Earlier this year, Brittany Ferries loaned Condor Ferries £10m to "top up the company" and cover unpaid port fees.

Brittany Ferries CEO Christophe Matthieu is currently acting CEO at Condor Ferries.

Mr Mattheiu said the company's expertise would lead to "better service for Condor’s passengers".

"This change demonstrates our commitment to the islands, shows Brittany Ferries is adding strength and depth to the existing team and delivers continuity and resilience in the long term," he said.

Condor is one of the companies which has bid to run ferry operations in the Channel Islands for the next 15 years.