DCC shares soar over 14% on energy focus strategy By Investing.com
Investing.com — DCC plc’s (LON:) shares surged over 14% on Tuesday following its announcement of a shift towards becoming a focused energy company.
This move, centered around a strategic pivot to an exclusively energy-oriented model, is expected to reshape the company’s trajectory, enhancing shareholder value by simplifying DCC’s corporate structure and operations.
This transition, anticipated to complete within a couple of years, involves divesting from the company’s healthcare segment by 2025 and evaluating strategic options for its technology division.
RBC Capital analysts noted that DCC’s diversified portfolio, particularly in healthcare and technology, had historically contributed to a valuation discount due to its…
