French asset management firm Meridiam takes majority share in interconnector

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....