Acquiring Company
Greenland Energy
Acquired Company
80 Mile
Description
Greenland Energy has agreed indicative terms to acquire 80 Mile in an all-share merger. The transaction values 80 Mile at approximately £61.48 million, representing a premium over recent trading levels. This merger aims to consolidate 100% ownership of the Jameson Land Basin licenses under a single Nasdaq-listed entity. The deal is subject to satisfactory due diligence and approval from independent directors.
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M&A Insights
Based on deal dataFrequently asked
Who acquired 80 Mile?
80 Mile was acquired by Greenland Energy. The deal was reported on September 8, 2026. Greenland Energy Company is an energy exploration company focused on responsibly developing Greenland’s hydrocarbon resources, with an emphasis on the Jameson Land Basin. Greenland Energy is publicly traded (GLND) and operates in Energy.
When did Greenland Energy acquire 80 Mile?
Greenland Energy's acquisition of 80 Mile was reported on September 8, 2026. Greenland Energy has agreed indicative terms to acquire 80 Mile in an all-share merger. The transaction values 80 Mile at approximately £61.48 million, representing a premium over recent trading levels. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does 80 Mile do?
80 Mile plc is a London-listed exploration and development company with energy, critical minerals and industrial gas projects in Greenland, Finland and Italy. Its portfolio includes several key projects, such as the Jameson Land Basin gas and liquids project. It is privately held, operating in Energy.
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