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Apr 22 2025, 11:26 IST/BST
DCC has announced the disposal of its Healthcare division for an EV of £1,050m, which is around 12x EV/EBITA. Significant shareholder returns are now expected. This simplifies the structure of the group and investor focus should now shift to the Energy division, which we believe is materially undervalued.
Apr 22 2025, 11:26 IST/BST