DCC surges on takeover proposal from Energy Capital, KKR
Related Companies
Related Indices
Related Sectors
By Michele Maatouk
Date: Wednesday 29 Apr 2026
LONDON (ShareCast) - (Sharecast News) - DCC surged on Wednesday after the sales, marketing and support services group confirmed its has received a cash takeover proposal from a consortium of US investment firms Energy Capital Partners and KKR.
"The board of DCC is evaluating the proposal together with its advisers and a further announcement will be made in due course," it said.
It added that there can be no certainty that any firm offer will be made, nor as to the terms on which any firm offer might be made.
Under UK takeover rules, the consortium has until 1700 BST on 10 June to either announce a firm intention to make an offer or walk away.
The shares closed up 10.1% at 5,924.21p.
Danni Hewson, head of financial analysis at AJ Bell, said: "DCC made itself an easier entity to swallow by hiving off its health and technology units to focus on the sale, marketing and distribution of energy.
"The undisclosed cash offer from a private equity consortium comes at a time when DCC is likely to benefit from current elevated energy prices and shareholders will want the company to leverage this advantageous backdrop in any takeover discussions."
See latest RNS on Investegate
Free Membership To Digital Look
Discover the full range of Investor's Tools and Services from Digital Look - voted 'Best Research & Information Provider 2007' by Investors Chronicle.
En HeaderFooterDLYou are here: research