Having first been announced last November, the sale has been allowed to go through after regulatory approval was granted by both the Channel Islands Competition Regulatory Authority and the EU Merger Regulation.
More information on the sale, and what it might mean for Channel Island passengers, is expected to be released today.
In the meantime, Condor’s CEO, Paul Luxon said everyone involved is delighted that the sale has been signed off.
“We are delighted that the formal transfer of ownership has been completed following the initial announcement last November.
“As a company, Condor’s immediate focus is to continue preparing for the season. We fully recognise we play a vital role in supporting the visitor economies of Jersey and Guernsey alongside our commitment, for over 70 years, to providing essential freight services and travel options for Islanders.
“The new shareholders share our vision for maintaining and developing ferry services and we will be working with them, along with local stakeholders, on long term plans that include fleet replacement and investment.”