What is the current status of KKR and Energy Capital Partners' bid for DCC, and what key financial terms have been agreed?

DCC is close to accepting a £5.7 billion ($7.64 billion) takeover proposal from a consortium of KKR and Energy Capital Partners, with its board nearing final sign-off ahead of a Wednesday deadline; the company has signaled support for a sweetened cash offer of £65.25 per share, following earlier rejection of a lower bid.

Which major shareholders have opposed the deal, and why?

Two of DCC's largest investors—Aviva Investors and Fidelity International—have opposed the deal, arguing that the buyout firms are undervaluing the company.

Ireland's DCC Set to Accept $7.6 Billion Bid from KKR and Energy Capital

Jul 14, 2026

Irish energy distributor DCC is close to accepting a £5.7 billion takeover bid from KKR and Energy Capital Partners, impacting its liquid gas and biofuel divisions. Despite shareholder opposition, the board is near final approval ahead of the July deadline.

reuters

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KKR, Energy Capital Plan to Sweeten Offer for Ireland's DCC, Bloomberg Reports

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KKR, Energy Capital in Talks to Acquire Ireland's DCC for Over $6.7 Billion

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