Octopus Energy to sell stake in software spin-off Kraken at $8.65bn valuation
New investors, including Fidelity and Ontario Teachers’ Pension Plan, join existing shareholders in $1bn stakeBusiness live – latest updatesOctopus Energy has agreed to sell a stake in its Kraken software arm, in a move that would value the division at $8.65bn (£6.4bn) and could open the way for a stock market flotation.The technology, which it already licenses to some rival suppliers, has been vital to the energy company’s success, making […]
