Citadel Pacific Ltd. acquired 70% stake in Liquid gas distribution business in Hong Kong and Macau of DCC PLC for approximately $110 million.
For the period ending March 31, 2024, Liquid gas distribution business in Hong Kong and Macau of DCC PLC reported EBIT of $19.5 million. Hogan Lovells and Hogan Lovells Hong Kong led by Sarah Shaw, John Connell, Andrew McGinty and Louise Leung acted as legal advisor to DCC plc for the transaction.
Citadel Pacific Ltd. completed the acquisition of 70% stake in Liquid gas distribution business in Hong Kong and Macau of DCC PLC (LSE:DCC) on July 11, 2024.