KKR-led consortium raises offer for DCC to £5.81 billion
A KKR-led consortium has increased its takeover bid for energy distributor DCC to £5.81 billion. The deal includes a potential price adjustment based on the future sale of DCC's Nexora technology unit.
Why it matters
This acquisition highlights the ongoing consolidation in the energy sector and the influence of private equity in restructuring public companies.
Private equity firms KKR and Energy Capital Partners have sweetened their takeover bid for DCC for the second time in five weeks, the energy distributor said today, valuing it at up to £67.97 per share, or £5.81 billion ($7.86 billion).
The article reports on financial negotiations using neutral, factual language and includes quotes from market analysts.
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