Shareholders in Irish energy distributor DCC Energy have backed a takeover bid in a deal worth up to €6.69 billion (£5.73 billion).
A consortium of private equity firms KKR and Energy Capital Partners is seeking to purchase the Dublin-based company.
“The Board of DCC Energy is pleased that shareholders have today approved the scheme of arrangement to give effect to the recommended acquisition of the company,” said Mark Breuer, Chair of DCC Energy.
“The transaction represents a compelling opportunity for our shareholders to crystalise value and, on
behalf of the Board, I would like to thank shareholders for their engagement and support throughout the process.”
“Subject to the satisfaction of remaining conditions and the sanction of the Scheme by the Irish High
Court, we continue to expect completion to take place in the first quarter of 2027,” Mr Breuer said.
DCC said that 78.1% of shareholders backed the deal at an Extraordinary General Meeting (EGM) today.
DCC, which distributes liquid gas, biofuels, and renewable energy to businesses and households, had been divesting non-core healthcare and technology assets to focus on its energy business.
Its brands include Certa and Flogas.
