Origin Energy Updates On Kraken Transactions, $1 Bln Equity Raise And Separation From Octopus Energy
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Origin Energy Limited has updated on transactions related to Kraken Technologies Limited, emphasizing Kraken's global growth and technology leadership. Kraken plans to raise $1 billion in equity, with Origin investing $140 million. The separation from Octopus Energy is targeted for mid-2026, valuing Kraken at $8.65 billion. A major licensing agreement has been signed, adding over 10 million customer accounts. Origin will hold a 19.6% direct interest in Kraken post-transactions, maintaining a 22.7% economic interest in both Kraken and Octopus Energy.
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