Goldman Sachs International has filed a Form 38.5(b) disclosure with the Irish Takeover Panel relating to its dealings in DCC Energy Plc EUR 0.25 ordinary shares, dated 11 November 2026. The filing reveals the investment bank holds a net long position of 128,617 shares, equivalent to 0.15%, alongside a short position of 175,060 shares, or 0.20%, following its most recent transactions. The disclosure is connected to a consortium comprising Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P., with Goldman Sachs acting as adviser to the offeree. Investors in DCC Energy will be watching the development closely given the ongoing takeover context.

Key Points

  • DCC Energy Plc (DCC) — Goldman Sachs International filing under Irish Takeover Panel Rule 38.5(b)
  • Goldman Sachs disclosed dealings in DCC Energy Plc EUR 0.25 ordinary shares on 11 November 2026
  • Long position of 128,617 shares (0.15%); short position of 175,060 shares (0.20%) following dealing
  • Investors should watch for further regulatory disclosures as the Energy Capital Partners and KKR consortium bid progresses

Goldman Sachs Acts as Adviser to DCC Energy Offeree Amid KKR and Energy Capital Partners Consortium Bid

The Form 38.5(b) filing identifies Goldman Sachs International as an exempt principal trader connected to the offeree in the ongoing takeover process. The named offeror consortium consists of Energy Capital Partners, LLC and Kohlberg Kravis Roberts & Co. L.P. acting together. Goldman Sachs's role is disclosed as adviser to the offeree, meaning DCC Energy Plc itself is the party being advised. This regulatory filing is required under the Irish Takeover Panel Act, 1997, and the Takeover Rules, 2013, ensuring market transparency around dealings by parties connected to a live takeover situation.

DCC Energy Plc Ordinary Share Positions Following 11 November 2026 Dealings

Following its dealings on 11 November 2026, Goldman Sachs International reported a total long position of 128,617 EUR 0.25 ordinary shares in DCC Energy Plc, representing 0.15% of the relevant class. Its total short position stood at 175,060 shares, or 0.20%. The firm reported no derivative positions other than options, and no options or agreements to purchase or sell. No supplemental Form 8 was attached to this disclosure. The filing confirms no agreements, arrangements, or understandings relating to voting rights under any option or derivative referenced in the form.

Purchases and Loan Partial Returns Detail Goldman Sachs's Transactional Activity in DCC Energy

The dealing section of the disclosure sets out several specific transactions. Two purchases of five shares each were recorded at a price of 64.55 GBP per unit. Additionally, two loan partial return purchases were logged covering 1,429 and 523 shares respectively, with no applicable price per unit stated for those transactions. Two sale entries, each comprising 44 shares and categorised as borrow partial returns, were also recorded without a disclosed price. No derivatives transactions or options dealings were reported. The disclosure was filed on 12 November 2026 by contacts Papa Lette and Andrzej Szyszka.

Irish Takeover Panel Transparency Rules Drive Mandatory Goldman Sachs Disclosure

This filing falls under Rule 38.5(b) of the Irish Takeover Rules, which governs disclosures by connected exempt principal traders dealing without recognised intermediary status, or with that status but not acting in a client-serving capacity. DCC Energy Plc is an energy distribution business, and the involvement of two major private equity firms — KKR and Energy Capital Partners — as a consortium bidder places it firmly within a formal Irish takeover process. Mandatory disclosure requirements of this kind are designed to maintain orderly markets and investor confidence during sensitive corporate transactions.