According to the site - By Kanalcoin
The Octopus Energy group is separating Kraken Technologies, intending to position it as an independent company for growth. The split attracts financial giants like Citi and Goldman Sachs.
CEO Greg Jackson, known for his strategic acquisitions, is leading this initiative, marking a critical shift in Octopus Energy's focus, differentiating their core business areas.
Valuation and investment plans for Kraken at £10 billion
The split could value Kraken at around £10 billion, expanding its investor base. Expectations to sell 20% of shares aim to confirm Kraken's market valuation through diverse investments.
"This strategic move not only lays the foundation for Kraken's expansion but also aims to strengthen its market presence through diverse portfolios," say financial experts.
The lack of direct involvement in crypto assets suggests minimal regulatory disruption. However, financial and investment circles are closely monitoring new trends post-split, especially in the context of Kraken's growing influence.
Historical splits hint at a path for technological growth
Similar splits in the energy sector have allowed technology divisions to explore targeted technological advancements. Kraken's trajectory resonates with past strategic pivots, highlighting growth potential.
Experts predict increased institutional interest in Kraken due to past success stories. Such strategies in corporate finance have historically facilitated significant growth opportunities for tech enterprises.
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