Octopus Energy Weighs £10 Billion Spin-Off of Kraken Technologies

Octopus Energy, the United Kingdom’s largest electricity supplier, is examining a separation of its software subsidiary, Kraken Technologies, according to Sky News. The planned demerger would value Kraken at roughly £10 billion, or about $14 billion. As part of the restructuring, Octopus is reportedly considering selling up to a 20 percent stake in Kraken to outside investors. The review is still at an early stage, and Octopus has not publicly confirmed a timetable or potential buyers.