Argentex agrees to IFX takeover as boss steps down

Argentex agrees to IFX takeover as boss steps down

Currency management firm Argentex confirmed on Friday it had agreed to a takeover by IFX Payments just hours after its chief executive exited the company. IFX will pay 2.49 pence per share in the takeover deal, which values Argentex at near £3m. The company will also provide the AIM-listed firm with secured bridge funding of about £6.5m. Argentex said chief executive Jim Ormonde, who led the firm for less than two years, had left with immediate …

Argentex Set for Acquisition as IFX Payments Targets UK FX and EMEA Markets

IFX Payments has reached an agreement in principle to acquire Argentex Group PLC. The deal brings together two companies active in the UK payments and foreign exchange (FX) markets.Argentex is a publicly listed company. It offers foreign exchange services and is authorised as an electronic money institution. The company serves institutions, corporates, and high-net-worth individuals.IFX Payments Announces Argentex Acquisition Deal“We are very pl…

IFX Payments Conditionally Agrees to Acquire Argentex Group PLC in Strategic Move to Strengthen Capabilities and Support Expansion

IFX Payments announces they have reached an agreement in principle to acquire Argentex Group PLC

IFX Payments offering 2.49p per Argentex share, provides £6.5M bridge loan

The 2.49 pence-per-share offer equates to a market value of just £3.1 million for Argentex. The post IFX Payments offering 2.49p per Argentex share, provides £6.5M bridge loan appeared first on FX News Group.