Mergers & Acquisitions ·
Greenland Energy proposes all-share merger with 80 Mile plc, valuing target at £61.48M
GLNDGreenland Energy Co
On September 8, 2026, Greenland Energy Company announced indicative terms for a proposed all-share merger with UK-listed 80 Mile plc. The transaction values 80 Mile at £61.48 million, offering 0.01108 new Greenland Energy shares for each 80 Mile share, representing premiums of up to 64.18% over recent prices. Greenland Energy holds a 4.42% stake in 80 Mile and intends to issue warrants to existing shareholders upon completion. The deal aims to consolidate ownership of the Jameson Land Basin project and diversify into critical minerals. Greenland Energy operates as an energy exploration company focused on hydrocarbon development in East Greenland.