Economy · Cyprus

French Group Meridiam Becomes Majority Shareholder in Greece-Cyprus Interconnector GSI

3 sourcesFirst reported 2 hours agoUpdated 1 hour ago

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An agreement for the entry of the French investment group Meridiam into the GSI company will be signed today.
Meridiam will become the majority shareholder in GSI, the company developing the Greece-Cyprus electricity interconnector project.
The signing ceremony will take place at 4:30 PM at Maximos Mansion, with Prime Minister Kyriakos Mitsotakis in attendance.
This development is considered a significant step towards restarting the electricity interconnection project between Greece and Cyprus.
A separate agreement with Nexans for the continuation of the project is also mentioned.

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The French investment group Meridiam is set to become the majority shareholder in GSI, the company responsible for developing the Greece-Cyprus electrical interconnection project. The agreement for Meridiam's entry into GSI will be signed this afternoon, August 5, 2026, at 16:30, at the Maximos Mansion.

The signing ceremony will take place in the presence of Prime Minister Kyriakos Mitsotakis. This development is considered a significant step towards restarting the electrical interconnection project.

According to newsit.gr, an agreement with Nexans for the continuation of the project will also be signed. Meridiam's stake in GSI is reported to be over 50%.

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French Group Meridiam Becomes Majority Shareholder in Greece-Cyprus Interconnector GSI

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