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Origin reaps $420m Octopus gain as Aware Super climbs on board

London | Origin Energy’s stake in British disruptor Octopus Energy has jumped in value by $US280 million ($420 million) in just six months, after the retail energy and tech play completed a share sale that boosted its valuation by 15 per cent to $US9 billion.

That transaction brought another Australian investor onto Octopus’s tightly held private register: Aware Super helped bankroll existing shareholder Generation Investment Management’s participation in Octopus’s $US370 million secondary share sale.

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Hans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

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    Original URL: https://www.afr.com/companies/energy/origin-reaps-420m-octopus-gain-as-aware-super-climbs-on-board-20240508-p5g4ih