Acquisition of Butagaz - Regulatory clearance

RNS Number : 8026X

DCC PLC

02 September 2015

 



2 September 2015

DCC plc

DCC Energy obtains regulatory clearance for the acquisition of Butagaz

DCC plc, the international sales, marketing, distribution and business support services group, announces that DCC Energy has now obtained all the relevant regulatory clearances necessary to complete the acquisition of Butagaz S.A.S. ("Butagaz") and that the necessary Works Councils' consultations have been completed.  The agreement to acquire Butagaz is now unconditional in all respects and is expected to complete in November 2015 following the separation of the Butagaz IT infrastructure from Shell's global infrastructure. 

Details of the acquisition were set out in DCC's Stock Exchange Announcement on 19 May 2015.

About DCC plc

DCC plc is an international sales, marketing, distribution and business support services group headquartered in Dublin with operations in Britain, Continental Europe and Ireland. DCC has four divisions - DCC Energy, DCC Technology, DCC Healthcare and DCC Environmental. In its financial year ended 31 March 2015, DCC generated revenue of £10.6 billion and operating profit of £222 million and currently employs approximately 10,200 people in 14 countries. DCC's shares are listed on the London Stock Exchange and are included in the FTSE All-Share Index and the FTSE 250 Index under Support Services.   

 

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