KKR Eyes $6.7 Billion Takeover of Irish Energy Distributor DCC

A consortium led by private equity firms KKR and Energy Capital Partners is in advanced discussions to acquire Irish energy distributor DCC in a deal that could value the company at more than £5 billion ($6.7 billion), according to a Reuters report citing Sky News.

The latest proposal reportedly values DCC at roughly £65 per share, representing a significant increase from the consortium’s earlier £58-per-share offer that was rejected by the company in April.

At the time, DCC’s board unanimously concluded that the bid,…