CORRECTED-UPDATE 1-Ireland's DCC reviews takeover bid from KKR and Energy Capital Partners

شركة كي كي ار

KKR & Co

KKR

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Corrects headline and paragraph 1 to say DCC is based in Ireland, not Britain

- Ireland's DCC DCC.L said it was reviewing a cash takeover proposal from a consortium comprising U.S. investment firms Energy Capital Partners and KKR KKR.N, sending its shares as much as 16% higher.

Shares of the sales, marketing, and support services provider rose to 62.65 pounds on the news, giving it a market value of about 5.35 billion pounds ($7.22 billion), according to Reuters calculations. The stock hit its highest level since May 2022.

DCC did not provide further details about the proposal. KKR and Energy Capital Partners did not immediately respond to Reuters request for comment.

The consortium has until June 10 to announce a firm intention to make an offer for DCC or walk away.

DCC said there was no certainty a firm offer would be made.

($1 = 0.7407 pounds)