French asset management firm Meridiam took a majority share in the Great Sea Interconnector on Wednesday , buying Greece’s independent transmission system operator (Admie) out of its controlling stake.
The deal puts Meridiam, which prior to Wednesday’s signing boasted a portfolio of assets worth around $23 billion (€19.9bn), in the project’s driving seat, ending Admie’s almost three-year tenure as the project’s majority shareholder.
Reacting to the news, former Cypriot energy
