Irish energy giant DCC agrees €7.68bn takeover by US private equity firms

DCC Energy  employs 9,500 people across Europe and North America and operates brands including Certa service stations

DCC chief executive Donal Murphy, , with Kevin Lucey, COO, and Conor Murphy, CFO. DCC Energy has agreed to a £5.75 billion ($7.68bn) takeover by a consortium comprising US private equity firms KKR and Energy Capital Partners, the parties said on Monday.

Irish energy distributor DCC Energy has agreed to a £5.75 billion ($7.68bn) takeover by a consortium comprising US private equity firms KKR and Energy Capital Partners, the parties said on Monday.

Under the offer, DCC shareholders will receive £65.25 in cash per share, a proposed final dividend of 147.22p, and a potential payment of up to £1.25 if DCC can sell its Nexora technology unit for at least $800m.