Finance
FX firm Argentex confirms takeover talks with IFX Payments
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 24, 2025
1 min readLast updated: January 24, 2026
Argentex is in advanced takeover talks with IFX Payments due to liquidity issues, with a 3 million pound offer and secured bridge funding.
(Reuters) -British currency risk management company Argentex Group said on Thursday it was in advanced discussions with IFX Payments to get acquired, as the company battles a liquidity crunch due to ongoing turbulence in financial markets.
The 2.49 pence-per-share offer from IFX Payments values the company at about 3 million pounds ($3.99 million).
Argentex also said it had secured bridge funding for about 6.5 million pounds from IFX, and that it was in discussions for short-term liquidity support as well.
Exposed to significant market volatility, the London-listed company had suspended trading of its shares on Tuesday, as sharp falls in the U.S. dollar worsened its liquidity position.
Trading in its shares remains suspended, the company said, as it was looking to secure more liquidity support within the next week.
Although the discussions with IFX were advanced, the company said there was no certainty that a firm offer would be made by the company.
($1 = 0.7524 pounds)
(Reporting by Unnamalai L in Bengaluru; Editing by Pooja Desai and Devika Syamnath)
The main topic is Argentex's advanced takeover discussions with IFX Payments amid liquidity challenges.
The offer from IFX Payments values Argentex at about 3 million pounds.
Argentex is facing liquidity issues due to market volatility and sharp falls in the U.S. dollar.
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