Meridiam to take majority stake in Great Sea Interconnector

French investment group Meridiam becomes majority shareholder, with 66%, of the project company behind the Greece-Cyprus subsea power cable, while Greek grid operator Admie keeps the remaining third. The project is estimated at €1.9bn; whether Cyprus itself becomes a shareholder will only be decided after a financing study by the European Investment Bank, expected by year-end. The sources give no purchase price (Cyprus Mail, 6 Aug 2026; second source: Protothema, 5 Aug 2026).