Energy giant agrees £5.7bn takeover as FTSE exodus continues
Energy giant agrees £5.7bn takeover as FTSE exodus continues
Louis GossMon, July 27, 2026 at 6:34 AM UTC
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The takeover will fuel fears about the decline of the London stock market - Justin Tallis/AFP via Getty Images
DCC Energy is set to become the latest FTSE 100 company to leave the London Stock Exchange after agreeing to sell up to private equity.
The Dublin-headquartered energy company has recommended shareholders support a £5.75bn takeover by KKR and Energy Capital Partners.
Mark Breuer, the chairman of DCC Energy, said the deal “represents a compelling opportunity for shareholders to crystallise value in cash at an attractive premium to DCC Energy’s historical trading price”.
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The takeover will fuel fears about the decline of the London stock market after a string of deals so far this year. EasyJet and warehouse giant Segro are among the other listed businesses to have agreed takeovers this year.
DCC was started in 1976 and floated on the London Stock Exchange in 1994 before becoming one of the FTSE 100 giants in 2015.
Mr Breuer said: “We are confident that the consortium will be strong stewards of DCC Energy’s 50-year heritage and support the business during its next phase of growth.”
This is a developing story.
Source: “AOL Money”
