Octopus Energy’s valuation increases to $9bn following further commitments from existing investors

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Octopus Energy today announces a new valuation of $9bn as existing shareholders Generation Investment Management and Canada Pension Plan Investment Board (CPP Investments) increase their stakes in the business.

The deal increases the global energy and technology group’s valuation by 15% on the last investment round, totalling $9 billion (£7.2bn).

Generation Investment Management secured new backing from pension funds in the USA and Australia - including Aware Super.

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