DCC names new boss as it expands into Asia

DCC is to spend over €140m on buying Shell’s commercial fuel business in Hong Kong and Macau, marking its first expansion in the energy services market outside Europe.

The Dublin-based support services group marked a busy day yesterday by announcing the deal and then following it up by telling the markets it was changing its chief executive and disposing of its environmental services division.

Shell is the market leader in supplying piped liquefied petroleum gas in the two territories; selling to domestic, commercial and industrial customers. DCC has spent around €645m since last May on acquisitions across its energy, healthcare and technology divisions.