Jim Flavin, the founder of DCC Energy and a 3.22% shareholder in the listed energy group, has issued a statement reiterating his opposition to the proposed sale of the business for a “miserable” price of £5.7 billion (€6.67 billion). The move comes the week before shareholders are being asked to vote on the take-private offer at an EGM on September 18. In his statement, Flavin said: “I am seeking to make shareholders of DCC Energy PLC realise that there is a much better way for them to maximise the value of their shareholding by not accepting the current miserable bid…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today with an Annual membership and unlock full access to The Currency and The Wall Street Journal for just €200 – two premium memberships, one subscription.