DCC Stock News

DCC Energy PLC (LSE:DCC), the energy and services group, could deliver an additional 42p per share to investors under its takeover by Energy Capital Partners and KKR following the $725 million sale of Nexora, according to Peel Hunt. The broker, which has an 'add' rating and 6,350p target price on DCC, said the disposal lifts its expected total takeover consideration to around 6,567p per share.

Energy distributor DCC Energy said on Friday it would ​sell its technology division, Nexora, ‌to private equity firm One Equity Partners for a total enterprise value ​of $725 million, on a ​cash- and debt-free basis.