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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose

DCC, one of FTSE 100’s biggest energy firms, agrees £5.75bn takeover

Short wheel base Flogas tanker lorry on motorway
The LPG supplier Flogas is a wholly-owned subsidiary of DCC Energy. Photograph: Justin Kase/Alamy

One 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.

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