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DCC PLC on Wednesday said it has completed the disposal of DCC Healthcare and will return £800 million in sale proceeds to shareholders. The Dublin-based firm provides sales, marketing and distribution services to the energy sector. The sale is intended to shift resources to the energy business, which the firm described as its ‘largest and highest returning division’. DCC first reported plans to sell the healthcare segment back in April. The buyer is HealthCo Investment Ltd, a subsidiary of funds managed or advised by Investindustrial Advisors Ltd. The deal values DCC Healthcare at £1.05 billion, generating around £945 million in proceeds, due on completion. DCC began the process of returning proceeds with a £100 million buyback initiated in May, which is expected to complete ‘in the company weeks’, the company said on Wednesday. The Irish firm plans to launch a £600 million tender offer after releasing half-year results in November, targeted to close in December. The remaining £100 million will be paid out in about two years, once DCC has received the final deferred payment from HealthCo. ‘We are simplifying our business so that we can focus all our efforts on growth opportunities in the energy sector, which offers the most compelling opportunity for shareholders,’ noted Chief Executive Donald Murphy. DCC shares rose 5.3% to 4,916.00 pence on Tuesday morning in London, and have fallen 3.6% in the past 12 months. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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