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Octopus Energy Plans £10.25bn Spin-Off of Kraken Technologies

7/8/2025

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Summary

Story summary

Octopus Energy is gearing up to spin off its technology division, Kraken Technologies, by appointing investment banks for a demerger and partial sale within the year. This strategic shift could see Kraken valued at an impressive £10.25bn. Following the announcement, Origin Energy shares surged 4.5%, signaling strong investor enthusiasm.

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Story summary

Octopus Energy is gearing up to spin off its technology division, Kraken Technologies, by appointing investment banks for a demerger and partial sale within the year. This strategic shift could see Kraken valued at an impressive £10.25bn. Following the announcement, Origin Energy shares surged 4.5%, signaling strong investor enthusiasm.