Octopus unveils plan to spin off £7bn technology arm

Greg Jackson has described Kraken as Octopus Energy’s ‘secret sauce’ - REUTERS/Hollie Adams Octopus Energy is to spin off its software arm, Kraken, in a blockbuster deal expected to cement the company as one of Britain’s most valuable technology businesses. The UK’s biggest energy supplier revealed plans on Thursday to fully separate the division and it is understood to have hired bankers at Goldman Sachs to find buyers for a minority stake in the business. It could be valued at as much as $10bn (£7.3bn ...