Octopus Energy to acquire the German and UK energy business of Shell.

Octopus Energy, an energy generator and retailer, agreed to acquire the German and UK energy distribution business of Shell, an energy company. Financial terms were not disclosed. “Following a stringent process, we are pleased to be acquiring Shell Energy Retail in the UK and Germany. Octopus has proven that it delivers game-changing service whilst innovating and investing relentlessly towards a cheaper cleaner energy system. Our commitment to customers is paramount and we will do whatever it takes to deliver the Octopus promise when we welcome these new customers too," Greg Jackson, Octopus Energy Founder and CEO.