Do everything to prevent the sinking of the Brittany Ferries.
In great difficulty due to the health crisis and Brexit, the company based in Roscoff (Finistère) has been sailing on sight for many months.
However, it can count on the support of the public authorities, determined to save this French flagship.
An exceptional subsidy of 45 million euros has just been granted to him, announced Friday Matignon.
The State is counting on the Brexit adjustment reserve, the European aid fund for the companies most affected by Brexit, to take charge of this aid, underlines the Prime Minister's office, adding that it is part of the the waiver of a 10 million euro debt from Ademe and six million euro aid from the Brittany region.
Economy Minister Bruno Le Maire announced on September 24, after agreement from the European Commission, state aid of 60 million euros for the shipping company, but in the form of a very long-term loan.
"The future and sustainability guaranteed", believes the CEO
“For more than a year, the State has been strongly mobilized to support Brittany Ferries, in order to ensure the sustainability of this company,” emphasizes Matignon.
"The strengthening of the financial structure of Brittany Ferries is however necessary", adds the cabinet, indicating that the support of the State is "conditioned to the effort of the banks, and of the other financers" of the company "within the framework of the the company's financing plan and in particular for the financing of options for its vessels ”.
“This is excellent news,” said Jean-Marc Roué, President of Brittany Ferries.
The company today is able to say that its future and its sustainability are assured ”.
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