Goldman Sachs Bank Europe SE has filed a Form 38.5(b) disclosure with the Irish Takeover Panel, reporting dealings in DCC Energy Plc's EUR 0.25 ordinary shares conducted on 11 November 2026. The disclosure, published on 12 November 2026, identifies Goldman Sachs Bank Europe SE as a connected exempt principal trader acting as adviser to the consortium comprising Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. The filing reveals that following the reported dealings, Goldman Sachs Bank Europe SE held a long position of 94,761 shares, equivalent to 0.11%, and a short position of 53,635 shares, equivalent to 0.06%, in DCC Energy Plc's relevant share class. Investors tracking the ongoing consortium offer for DCC Energy Plc may consider this disclosure as part of the broader takeover process.

Key Points

  • Goldman Sachs Bank Europe SE filing relates to DCC Energy Plc (DCC), an energy distribution business subject to a consortium takeover approach
  • Form 38.5(b) submitted to the Irish Takeover Panel covering dealings in DCC Energy Plc EUR 0.25 ordinary shares on 11 November 2026
  • Post-dealing long position: 94,761 shares (0.11%); short position: 53,635 shares (0.06%); no derivatives or options positions reported
  • Investors should watch further regulatory disclosures as the Energy Capital Partners and KKR consortium process continues

Goldman Sachs Bank Europe SE Acts as Adviser to Energy Capital Partners and KKR Consortium Bidding for DCC Energy Plc

The Form 38.5(b) filing confirms that Goldman Sachs Bank Europe SE is connected to the consortium formed by Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., with the nature of that connection described in the announcement as adviser to the offeree. This role requires the bank, as a connected exempt principal trader without recognised intermediary status or acting outside a client-serving capacity, to report its dealings in DCC Energy Plc securities to the Irish Takeover Panel in accordance with the Irish Takeover Panel Act, 1997 and Takeover Rules, 2013.

Loan Partial Returns and Borrow Partial Returns Account for All Reported Dealings in DCC Energy Plc Shares

The specific dealings disclosed cover four transactions: two purchases categorised as loan partial returns involving 44 shares each, and two sales categorised as borrow partial returns involving 523 shares and 1,429 shares respectively. No price per unit was provided for any of these transactions. The announcement states that no derivatives transactions other than options, no options transactions, and no other dealings were undertaken. The disclosure also confirms that no agreements, arrangements, or understandings relating to voting rights, options, or derivatives exist in connection with these positions.

Post-Dealing Positions Show Goldman Sachs Bank Europe SE Holds Net Long Exposure in DCC Energy Plc Ordinary Shares

Following the reported dealings, Goldman Sachs Bank Europe SE's aggregate position in DCC Energy Plc EUR 0.25 ordinary shares stands at 94,761 shares long, representing 0.11% of the relevant class, against a short position of 53,635 shares at 0.06%. No positions in derivatives other than options or in options and agreements to purchase or sell were recorded. No interests or short positions in any other class of DCC Energy Plc relevant securities were disclosed. Contact details for the filing are attributed to Papa Lette and Andrzej Szyszka.