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New Deal


Announced

DCC to acquire Progas for £140m.

Financials

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Transaction Value£140m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

liquid gas

Pending

Single Bidder

Germany

Integrated Oil and Gas

Acquisition

Cross Border

Friendly

Synopsis

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DCC, an Irish international sales, marketing and support services group, agreed to acquire Progas, an oil & energy services provider, for £140m. "We look forward to welcoming Progas into the DCC Group - scaling DCC Energy's position in Europe's largest energy market. It creates a leading platform for DCC Energy in Germany to develop a multi-energy offering, aiming to address the energy "trilemma" for our German customers," Donal Murphy, DCC CEO.

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