€6.67bn bid for Irish services firm DCC pushes ahead

KKR and Energy Capital Partners pushing ahead with bid ahead of Wednesday deadline

DCC chief executive Donal Murphy, with Kevin Lucey, COO, and Conor Murphy, CFO. KKR and Energy Capital Partners are attempting a takeover of the Irish services firm for £5.7bn (€6.67bn).

KKR and Energy Capital Partners are nearing a takeover of Irish services firm DCC for £5.7bn (€6.67bn), even after two large investors deemed the offer as being too low.

The consortium is pushing ahead with its existing offer of £66.72 a share for the Dublin-based firm, including a dividend, ahead of a Wednesday deadline, the people told Bloomberg, asking not to be identified discussing confidential information. DCC, a provider of energy sales and distribution across Europe and the US, said in June that it was prepared to accept the consortium’s latest offer.