The consortium’s latest offer of approximately £65 per share marks a clear climb from the £58-per-share bid rejected by the DCC board in April. At that time, directors dismissed the £4.95 billion valuation as insufficient, arguing it failed to capture the company’s long-term strategic potential. DCC remains a major player in European energy logistics, maintaining a sprawling network that supplies LPG and fuel oils across international markets.

Investors have responded to the renewed interest with cautious optimism, pushing DCC shares up nearly 3% to trade around £61.75. The stock has climbed more than 11% since the initial takeover rumors surfaced, fueled by speculation that the bidders would eventually return with a more attractive price. Under UK takeover regulations, the consortium now faces a ticking clock to either formalize the acquisition or retreat for a six-month cooling-off period. Neither the company nor the prospective buyers have confirmed the reported terms, though the deal would stand as one of Europe’s most significant energy-sector acquisitions this year.