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Onico signs term sheet on sale of two units

Onico are a Polish company listed on the Warsaw Stock Exchange in the NewConnect alternative trading system. Their activities include trading in fuels, with special focus on supply of LPG, diesel and biofuels to international companies and individual customers. They ensure cross-border shipment of liquid fuels by road, rail and sea.

Under the terms sheet, both Onico SA and GECX GROUP will start talks with the aim to specify terms of the deal for the sale of units.

Furthermore the final sales deal is to be signed by August 20th. Source text for Eikon: Further company coverage: (Gdynia Newsroom).

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