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Onfolio Eyes Industrial Gas Market With Paramount Helium Deal

Commodities & Raw MaterialsCompany FundamentalsM&A & Restructuring
Onfolio Eyes Industrial Gas Market With Paramount Helium Deal

ONFO signed an LOI with Paramount Helium to pursue a combination focused on Arizona helium and carbon dioxide assets. The deal aims at long-term growth in the industrial gas market, but with no disclosed financial terms or timeline, near-term market impact is likely limited.

Analysis

ONFO signed an LOI with Paramount Helium to pursue a combination focused on Arizona helium and carbon dioxide assets. The deal aims at long-term growth in the industrial gas market, but with no disclosed financial terms or timeline, near-term market impact is likely limited.

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ONFO0.35