DCC Takeover Deadline Extended to July 15

DCC Takeover Deadline Extension

The UK Takeover Panel has extended the deadline for the consortium of KKR (NYSE:KKR) and Energy Capital Partners to submit a firm offer for DCC (LON:DCC) until 15 July 2026. This extension follows more than a month after DCC announced its support for the consortium’s revised proposal valued at £5.7 billion, which had previously moved the deadline to 8 July. The updated offer comprises a cash component of £65.25 per share together with DCC’s proposed final dividend of 147.22 pence per share.

DCC had earlier rejected an initial £4.95 billion proposal from the same consortium, stating that it undervalued the company. According to the Financial Times, several of DCC’s largest shareholders – Fidelity International, Aviva Investors and Ninety One – have opposed the revised bid, also arguing that it undervalues the business.

In parallel with the takeover process, DCC has been simplifying its operations and concentrating on its core energy business. This strategic shift includes increasing acquisitions in Europe’s liquid gas markets while divesting non‑core units such as healthcare and technology.