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Origin Energy Announces Value of Octopus Energy Triples to GBP3bn as New Investor Acquires 7% Interest

28 Sep 2021  |  08:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Value of Octopus Energy triples to 3 billion pounds

Origin Energy advised that Octopus Energy Group will continue its rapid expansion, with a fund managed by sustainable investor Generation Investment Management (GIM) to invest GBP211m to acquire 7% of the Company. GIMs investment values the Company at GBP3bn (A$5.5bn). GIM will have an option to double its stake in the Company under the same terms prior to 30 June 2022, with Company having an option to invest to maintain its 20% share if GIM exercises its option.

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