Britain’s Octopus Energy considers 14 billion dollar demerger of tech arm Kraken, Sky News reports

The Octopus logo is displayed during the Everything Electric, the Home Energy & Electric Vehicle Show, in London, Britain, April 16, 2025. REUTERS
July 5 (Reuters) – Britain’s Octopus Energy is close to hiring bankers to oversee a 10 billion pounds ($13.65 billion) separation and stake sale of its technology arm Kraken Technologies, Sky News reported on Saturday, citing sources familiar with the matter.
Reuters could not immediately verify the report.

Reporting by Anusha Shah in Bengaluru; Editing by Alison Williams

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