UK’s Octopus Energy to sell stake in tech spin-off Kraken at $8.65bn valuation
Investors including D1 Capital Partners, Fidelity and Ontario Teachers’ Pension Plan to purchase $1bn in equity
Investors including D1 Capital Partners, Fidelity and Ontario Teachers’ Pension Plan to purchase $1bn in equity

Move could be followed by an initial listing in a year or two at a valuation of about $10bn

Energy start-up sees margin slide as its costs rise sharply

Octopus chief says ‘enormous amounts’ of public money spent on technology should be saved

Shares in FTSE 100 company surge more than 14%

Private capital firm explored both £7bn sale and partial disposal of UK waste management group

BlackRock, Brookfield and Apollo among players sensing opportunities in energy sector