DCC has reached an agreement with Shell Gas (LPG) Holdings BV to aquire its LPG business in Hong Kong and Macau based on an enterprise value of HK$1.165 billion (c. £120m). The business is one of the leading LPG businesses in Hong Kong and the market leader in Macau. The acquisition is expected to complete before the end of DCC's financial year ending 31 March 2018. Following the completion of the acquisition, the business will continue to operate under the Shell brand in both Hong Kong and Macau, based on a long term brand licence agreement.
More information can be found on the DCC plc website here.