Kraken-Octopus Energy $15b Demerger Report Fires up Origin

Kraken-Octopus Energy $15b demerger report fires up Origin

Analysts had put a far lower valuation on Kraken, the cloud-based utilities software, than suggested in British media reports at the weekend.

Octopus Energy plans Kraken Technologies demerger

Octopus Energy on the verge of appointing investment bankers to manage the separation and partial sale of Kraken Technologies.

Octopus Energy ‘eyes £10bn demerger of Kraken’

Octopus Energy is reportedly eyeing a potential £10bn demerger of its technology platform Kraken. Sky News reported over the weekend that Britain’s biggest gas and electricity supplier is plotting to separate the fast-growing Kraken away from the group. The plan, according to Sky’s sources, would be to give Octopus’s existing investors – which include former US Vice President Al Gore’s Generation Investment Management, the Canada Pension Plan In…