Deal Alert

Divestiture In Access Bank - Ghana

Bridgewater acted as sell side advisors to leading indigenous petroleum company, Woodfields Energy Resources Limited on the sale of its interest in Access Bank Ghana PLC in execution of its current portfolio strategy.

Woodfields Energy, formerly known as Cirrus Energy Services Limited, was established twenty-three (23) ago, to supply and distribute bulk petroleum products and oils to Oil Marketing Companies (OMCs) across the country.

Woodfields owns The Petroleum Hub Ltd, a 102,500mt capacity tank farm which consists of a 50,000mt gasoil storage capacity, 40,000mt gasoline storage facility, and 12,500mt ATK tank; and Cirrus Oil Services Ltd (“Cirrus”), one of the first wholly owned Ghanaian companies to construct and operate the state-of-the-art storage terminals in Tema and Takoradi for the distribution of Gasoil, ATK, Gasoline 95 and Gasoline 91. 


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