"London Stock Exchange-listed DCC Energy is on the brink of a massive £5.7 billion takeover by US private equity giants KKR and Energy Capital Partners, sparking concerns over the future of the UK's energy sector. Despite reservations from the company's founder and largest shareholders, the DCC Energy board has endorsed the offer, paving the way for one of the largest energy businesses in the UK to exit the public market. The deal marks the latest in a growing trend of companies opting for private equity ownership, raising questions about the impact on UK businesses and the economy. As the UK's energy landscape continues to evolve, the fate of DCC Energy and its employees hangs in the balance."
KKR and Energy Capital Partners poised to buy firm despite misgivings from founder and biggest shareholdersBusiness live – latest updatesOne of the biggest energy businesses listed on the London Stock Exchange has agreed a controversial £5.7bn takeover by private equity, adding to the growing exodus of companies from the UK market.The US private equity groups KKR and Energy Capital Partners are poised to buy DCC Energy after the company’s board recommended the offer despite misgivings from its founder and biggest shareholders. Continue reading...
