DCC obtains clearance for the acquisition of Butagaz

Business | Wed 2 Sep | Author – Business & Finance
tommy breen DCC
Tommy Breen, chief executive, DCC

DCC plc has announced the company has obtained clearances necessary to complete the acquisition of Butagaz.

Details of the acquisition were first set out in DCC’s Stock Exchange announcement on May 19th 2015.

The agreement to acquire Butagaz is expected to be finalised in November following the separation of the Butagaz from Shell’s global infrastructure.

DCC is an international sales, marketing, distribution and business support services group with four divisions – DCC Energy, DCC Technology, DCC Healthcare and DCC Environmental – and is headquartered in Dublin.

In its last financial year, DCC generated revenue of £10.6bn and operating profit of £222m. The group currently employs over 10,000 people in 14 countries.