Overview
- On Wednesday the private equity consortium led by KKR and Energy Capital Partners returned with a revised proposal of about £65.25 in cash plus a proposed final dividend of £1.47 per share.
- DCC’s board said the revised price is at a level it would recommend if formalised and agreed to engage in talks while allowing a short period of confirmatory due diligence.
- The group has asked for the takeover deadline to be pushed to 5pm on 8 July 2026 to give the bidders time to complete checks and potentially make a firm offer.
- The revised approach implies a valuation just over £5 billion and represents roughly a 33% premium to DCC’s pre-offer share price, prompting a near‑term share rise of about 3%.
- Any deal still depends on confirmatory due diligence, financing and any regulatory clearances and comes as private equity interest in energy distribution rises after DCC refocused its business on energy assets.