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Octopus Energy value surges to £6billion after investments
Daily Express
|December 19, 2023
THE owner of fast-growing supplier Octopus Energy has been valued at more than £6billion after new investment.
Octopus Energy Group yesterday confirmed it had bagged £625million of additional funding from its existing shareholders.
The move values the company at £6.2billion, a 60% surge since the previous round in December 2021.
It means the group, founded just eight years ago, is worth more than Burberry, Marks & Spencer and B&Q owner Kingfisher. Octopus is closing in on British Gas owner Centrica, which is worth £7.7billion. British Gas supplies 7.5 million households.
This story is from the December 19, 2023 edition of Daily Express.
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