Cyprus welcomes GSI deal but awaits EIB review before investment decision

Cyprus has welcomed the agreement giving France’s Meridiam a controlling stake in the Great Sea Interconnector (GSI) but says it will not decide whether to invest in the project until the European Investment Bank (EIB) completes its due diligence review.

Government officials also acknowledge they have only limited information about the agreement itself, saying Cyprus has not seen its full contents because it is not a party to the investment. As a result, the government says it cannot fully...