DCC Energy has agreed to a £5.75 billion sale to KKR and Energy Capital Partners, offering shareholders £65.25 per share plus additional payments. The deal highlights surging foreign private equity interest in undervalued UK-listed firms, pushing 2026 M&A to a record $197 billion year-to-date.
Corrected takeover premium from 26% to 24% for base consideration plus final dividend versus the undisturbed closing price, matching DCC Energy’s recommended-offer announcement.
The offer values DCC at a 26% premium to its last closing price before interest was made public.
The deal comes at a time of heightened private equity interest in UK-listed companies that are trading at relatively low valuations.
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