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Octopus Energy to spin off $8.65bn tech arm Kraken
The energy firm sells a $1bn stake in its technology arm Kraken, paving the way for its demerger.
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ft.com
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
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cnbc.com
UK's Octopus Energy to spinoff AI unit Kraken at $8.65 billion valuation
British renewable energy startup Octopus Energy is set to spin out its AI tech unit Kraken Technologies, as an independent company valued at $8.65 billion.
