Shares in Dublin‑based energy group DCC jumped more than 14% after it revealed a cash takeover offer from a consortium led by private‑capital firms KKR and Energy Capital Partners. The FTSE 100 company said the bid is preliminary and its board is reviewing the proposal in the coming days.

DCC, with a market cap near £5bn, has been restructuring its conglomerate model, announcing plans to exit healthcare and technology units. The takeover bid adds pressure on the group to accelerate its focus on core energy operations and could reshape investor expectations for the company in the next few weeks.

The offer follows a recent £9.7bn proposal from Sweden’s EQT for Intertek, which the company rejected. DCC’s board will consider whether the KKR/Capital Capital package values the energy business appropriately, weighing potential premium payouts against the group's long‑term strategic goals and the implications for shareholder value.

Investors will watch the board’s decision closely, as a successful takeover could unlock significant value for shareholders and accelerate DCC’s shift away from non‑energy assets. The outcome will also signal the appetite of private‑equity firms for London‑listed companies amid a competitive takeover market and highlight opportunities for future deals.