KKR, Energy Capital plan to sweeten offer for Ireland's DCC, Bloomberg News reports (updated)
19/05/2026 17:02
Adds details from Bloomberg report, background throughout May 19 (Reuters) - U.S. investment firms KKR KKR.N and Energy Capital Partners are weighing an increased offer for Irish energy distributor DCC DCC.L, Bloomberg News reported on Tuesday, citing people with knowledge of the matter. DCC had rejected a 4.95-billion-pound ($6.63 billion) takeover proposal from a consortium comprising KKR and Energy Capital Partners in late April, saying it undervalued the company. Energy Capital Partners and DCC declined to comment on the report, while KKR did not immediately respond to a Reuters request for a comment. The private equity investors are working with advisers to determine how much they should increase the previous bid of 58 pounds per share, the report added. The consortium has until June 10 to make a firm offer for DCC or walk away. DCC, which distributes liquid gas, biofuels, and renewable energy to businesses and households, has been divesting non-core healthcare and technology businesses to sharpen its focus on its energy operations. ($1 = 0.7468 pounds) (Reporting by Sri Hari N S in Bengaluru; Editing by Sahal Muhammed) ((srihari.ns@thomsonreuters.com))