DCC stock expected to surge on back of Esso deal

Shares in DCC rose by over 6% yesterday on the back of the Dublin-based international support services group signing the second largest takeover deal in its history.

DCC has further expanded its energy division by agreeing to buy Esso’s retail petrol station network in Norway for £235m (€273m), adding to similar deals DCC has done with Esso in France and Shell in Denmark.

A first year return on invested capital of 15% is expected from the Norway deal, which gives DCC ownership of 142 petrol stations in Norway.