Energy · Cyprus

Meridiam becomes majority shareholder in Great Sea Interconnector for Greece-Cyprus link

5 sourcesFirst reported 2 hours agoUpdated 1 hour ago

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A deal is being signed today for the French investment group Meridiam to become the majority shareholder in Great Sea Interconnector (GSI).
GSI is the company responsible for the electrical interconnection project between Greece and Cyprus.
The signing ceremony is taking place at Maximos Mansion at 4:30 PM, with Prime Minister Kyriakos Mitsotakis in attendance.
Meridiam's entry is expected to strengthen the financial base of the project, which has a budget exceeding €2 billion.
A tripartite agreement with Nexans for seabed surveys is also being signed.

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A signing ceremony took place on August 5, 2026, at 16:30 at the Maximos Mansion, attended by Prime Minister Kyriakos Mitsotakis. The agreement concerns the entry of the French investment group Meridiam as a majority shareholder in Great Sea Interconnector (GSI).

GSI is the company responsible for the electrical interconnection project between Greece and Cyprus. Meridiam's entry is expected to strengthen the financial basis of the project, which has a budget exceeding €2 billion.

According to Proto Thema, a tripartite agreement with Nexans for seabed surveys was also signed during the event. Meridiam will acquire a stake of over 50% in GSI, giving it control of the company.

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Meridiam becomes majority shareholder in Great Sea Interconnector for Greece-Cyprus link

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