Jersey authority clears sale of Condor Ferries

摘要

The Jersey Competition Regulatory Authority has approved the proposed sale of Condor Ferries by Admiral Holdings to Macquarie European Infrastructure Fund II. The JCRA reached its decision on September 15, only 41 days after it received an application for approval of the deal. The Royal Bank of Scotland owns 33% of Admiral Holdings, making it the largest single shareholder. The remaining shares are owned by management personnel (36.6%), the Intermediate Capital Group (28.8%) and the Allied Irish Bank (1.6%). The JCRA notes, "'Management' comprises private individuals involved in the management of Admiral. The Royal Bank of Scotland, Intermediate Capital Group and Allied Irish Bank are active in banking, financial and investment services.