India, Oct. 9 -- DCC Energy plc (DCC.L), a provider of carbon energy solutions, Friday announced that it has agreed to sell its Energy's technology division, Nexora, to independently managed investment subsidiaries of funds managed and/or advised by One Equity Partners or Technology Disposal for a total of $725 million.
As part of the acquisition, DCC Energy shareholders will receive 6,525 pence in cash per Nexora share, along with an additional consideration of up to 125 pence in cash per Nexora share if the conditions of the Technology Disposal are satisfied before July 31, 2027.
Under the terms of the Transaction Agreement, if the Technology Disposal Net Proceeds are between $650 million and $800 million, the Technology Disposal Additi...