Steam Packet owners Macquarie are at it again, this time in the Channel Islands.
The Australian bank is thought to be preparing a bid for Condor Ferries, the Channel Islands ferry operator.
The company is being sold off by the Royal Bank of Scotland and should fetch in the region of ?300 million.
Condor operates catamarans from Poole and Weymouth and conventional ferries from Portsmouth, and earns as much as ?30 million a year.
Macquarie already owns Wightlink ferries as well as the Steam Packet but may face competition from the Prudential and Babcock & Brown, as well as JP Morgan's infrastructure fund.
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