Reported about 9 hours ago
Octopus Energy is reportedly preparing to appoint bankers for a £10 billion ($13.7 billion) separation and stake sale of its tech arm, Kraken Technologies. A minority stake of up to 20% is expected to be sold to external investors to confirm the platform's valuation. The demerger, anticipated within the next year, will provide existing shareholders with shares in the new independent Kraken business.
Source: YAHOO