Report: DCC close to accepting KKR takeover bid

Irish, London-listed energy distributor DCC is reportedly close to accepting the £5.7bn bid from KKR and Energy Capital Partners. The put-up-or-shut-up deadline expired on 15 July and was extended overnight by the Takeover Panel. Major shareholders including Fidelity consider the price too low — reported stage, no firm offer yet. Second source: Irish Times. Update 16.07: after several short extensions the Takeover Panel extended the PUSU deadline to 27 July; the consortium raised its proposal to £67.97 per share (approx. £5.8bn) with a possible increase of up to £106.8m if DCC's technology division sells for more than $800m (sources: Irish Times, Business Post). Update (18 Sep 2026): At the extraordinary general meeting on 18 September 2026, 78.1% of shareholders backed the takeover. Subject to the remaining conditions and sanction of the scheme by the Irish High Court, DCC continues to expect completion in the first quarter of 2027; RTÉ puts the transaction at up to €6.69bn (£5.73bn) (RTÉ, 18 Sep 2026).