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80 Mile shares rise 7% after Greenland Energy proposes £61.48M all-share merger deal

Company Fundamentals
08 Sep 2026
Proactive Investors
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Bullish
80 Mile shares rise 7% after Greenland Energy proposes £61.48M all-share merger deal

Shares of 80 Mile PLC increased by 7% following Greenland Energy's proposal for a £61.48 million all-share acquisition. The deal would exchange each 80 Mile share for 0.01108 new Greenland Energy shares, implying a premium of up to 64.18% compared to previous prices. Greenland Energy has already acquired a 4.42% stake in 80 Mile and the merger is subject to due diligence and approval from both companies' boards. This deal could significantly impact 80 Mile's valuation depending on share price and currency fluctuations.

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