Business News of Saturday, 14 August 2021Source: www.ghanaweb.com• The government has settled on a transaction advisor for its Aker deal• The Bank of America Securities will provide fairness opinion/independent valuation as well as a general advisory service• The government hopes to acquire 37% interest in the Deep Water Tano Cape Three Points (DW/CTP)The Bank of America Securities (BofA) has been appointed as the transaction advisor for government’s planned acquisition of 37% interest in the Deep Water Tano Cape Three Points (DWT/CTP) concession. The concession is operated by Aker Energy Ghana Ltd. So far, both cabinet and parliament have approved this move of facilitating the commencement of negotiations between government, Aker Energy and AGM. Explaining why the choice of Bank of America Securities, the report stated that it is due to the bank’s track record as one of the world’s leading financial institutions, with proven expertise in notable international landmark oil and gas transactions. Also, it is because of its reputation as one of the world’s leading investment banks and advisory companies, with a global presence, it added.

Source: GhanaWeb August 14, 2021 10:52 UTC