KKR, Energy Capital plan to sweeten offer for Ireland's DCC, Bloomberg News reports

May 19 (Reuters) - ​U.S. investment firms KKR and Energy Capital Partners are ​weighing ‌an increased offer for Irish energy distributor ⁠DCC, Bloomberg News reported on Tuesday, ⁠citing people with ​knowledge of the matter.

DCC hadrejected a 4.95-billion-pound ($6.63 billion) takeover proposal from a consortium comprising ​KKR ‌and Energy Capital Partners in late April, saying it undervalued the company.

Energy Capital Partners and DCC declined to comment on ​the report, while KKR did not immediately ‌respond to a Reuters request for a comment.

The private equity investors ‌are working with advisers to determine how much they should increase the previous bid ​of 58 pounds per share, the report added.

The consortium ‌has until June 10 to make a firm offer for DCC or walk away.

DCC, ⁠which ⁠distributes liquid gas, biofuels, and ‌renewable energy to businesses and households, has been divesting ​non-core healthcare ​and technology businesses to ‌sharpen its focus on its energy operations.

KKR & Co.

DCC