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flag Octopus Energy sold a minority stake in its AI unit Kraken, valuing it at $8.65 billion, to fund its spin-off and global expansion.

flag As part of a plan to spin off its AI-powered Kraken Technologies division into a separate business, Octopus Energy sold a minority stake in the company, valued at $8.65 billion. flag Investors such as D1 Capital Partners, Fidelity International, and Ontario Teachers' Pension Plan contributed $1 billion in equity to the deal, and Octopus Energy received an additional $320 million. flag Following the deal, Octopus will keep a 13.7% share in Kraken, which powers major utilities and serves more than 70 million energy accounts worldwide. flag With a possible stock market listing in London or New York by September 2026, the split is intended to hasten Kraken's international growth.

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