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A trio of DCC PLC investors believe a private equity bid undervalues the company, the Financial Times reported on Friday. The Dublin-based provider of sales, marketing and distribution services to the energy sector last month said it would be ‘minded to recommend’ a potential takeover bid from a consortium consisting of Energy Capital Partners LLC and Kohlberg Kravis Roberts & Co LP. Under the potential offer, DCC shareholders would receive a total of 6,672.22 pence per share comprising of 6,525.00p in cash and the proposed final dividend of 147.22p each, valuing the firm at around £5.75 billion. DCC shares ended 0.7% lower at 6,150.00p each in London on Friday, giving it a market capitalisation of £5.25 billion. However, the FT reported that some major shareholders in DCC believe the offer is not high enough. Alessandro Dicorrado, a UK equity manager at Ninety One PLC, told the FT that ‘I don’t like the price’. Matt Bennison, head of UK equities at Aviva Investors, told the FT that the offer ‘significantly undervalues’ DCC. Alex Wright, a UK equity fund manager at Fidelity International, said the does not reflect ‘our fair value of DCC and its long-term growth prospects’. The FT said Ninety One is a ‘top shareholder’ in DCC. Aviva Investors is a ‘a top 10 shareholder’, the FT reported, while Fidelity International is ‘one of DCC’s biggest investors’. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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