DCC board backs contentious £5.75bn private equity takeover

The DCC board has recommended a £5.75 billion private equity takeover by KKR and Energy Capital Partners, despite objections from large shareholders. This agreement will see DCC Energy go private, adding to a growing list of FTSE companies acquired in recent months. The deal represents a significant shift for the firm as it transitions away from public listing, following the board's decision to back the contentious bid despite the concerns raised by some of its investors.