DCC sells Healthcare arm for €1.22bn

The London-listed, Dublin headquartered, business will sell the business to HealthCo Investment - a subsidiary of European investment firm Investindustrial Advisors.

The intended disposal had been flagged by DCC in December, when the business proposed a major strategic shift including plans to sell its DCC Healthcare arm within months and to review strategic options for DCC Technology within the next 24 months.

The proposed changes will see the group focus purely on the energy sector, which already accounted for around 75pc of the business.

The plan is to return a share from the proceeds of the disposals to investors as well as to invest in the future energy busine...
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