DCC shareholders approve the proposed ECP–KKR takeover scheme

DCC ($DCC) shareholders approved the proposed acquisition by Dragon Bidco, backed by ECP and funds advised by KKR ($KKR), at the court and general meetings. At the scheme meeting, 78.09% of votes cast supported the transaction. The associated resolutions required to implement the arrangement also passed.

The vote clears a shareholder condition but does not complete the takeover. The scheme still requires Irish High Court approval and satisfaction or waiver of the remaining conditions. Completion is anticipated in the first quarter of 2027. The reported percentage refers to votes cast at the meeting, not to the entire issued share capital. This is a new approval milestone in the previously announced transaction, rather than a separate bid or confirmed change of ownership.

Sources:

• DCC Energy — court and general meeting results, RNS