Channel Islands operator Condor Ferries has been sold to an investment consortium involving Brittany Ferries, ending months of speculation.
The French ferry operator reports ITV News, have acquired a 25% stake alongside new majority owner, Columbia Threadneedle Investments.
The current owners, Macquarie Infrastructure and Real Assets (MIRA) announced they have reached an agreement with the new owners to take on 100% of Condor Ferries.
Contracts have been signed and the deal is expected to be finalised following scrutiny from regulatory bodies.
The company carries 1 million passengers between Guernsey, Jersey, the UK and to St Malo in Brittany.
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For coverage of Condor/Commodore's 70th anniverary in 2017 click here.