Stricken currency firm Argentex in talks about emergency sale

Argentex Weighs Sale to IFX Payments After Margin Call Chaos

Argentex Group Plc, the currency management firm that faced a “rapid and significant” cash squeeze in the wake of US President Donald Trump’s tariff announcements, said it’s weighing a sale to IFX Payments after rejecting two other offers.

Stricken currency firm Argentex in talks about emergency sale

A London-listed company hit by the tariff-induced maelstrom in foreign exchange markets is negotiating a sale, with IFX Payments one potential buyer, Sky News learns.

Argentex Seeks Emergency Funding as Trump Tariffs Trigger Liquidity Crisis

Currency management firm Argentex Group Plc (LON: AGFX) is seeking an emergency loan or potential sale after experiencing a severe liquidity crisis triggered by margin calls following US President Donald Trump’s recent tariff announcements. The London-listed company, which had a market value of £52 million ($69 million) before trading in its shares was suspended on Tuesday, said its “liquidity position further deteriorated” and now requires “an …

UK's IFX Payments Secures DFSA License to Expand Services in the UAE - Fintechnews Middle East

IFX Payments, a London-based service-led alternative banking partner, has expanded its operations in the UAE following the grant of a category 3C license by the Dubai Financial Services Authority (DFSA). This license enables the company to provide money and custody services locally, allowing clients and partners to streamline cross-border transactions, reduce currency risk, and simplify their financial operations. After 12 years of operating as …

Argentex considers sale to IFX Payments after tariffs trigger cash squeeze

Currency management company Argentex is in “advanced discussions” over an acquisition by IFX Payments after the firm faced a critical cash crunch amid President Donald Trump’s erratic tariff agenda. In a statement on Wednesday, Argentex said whilst discussions had progressed with IFX, no certainty had been reached. But, its board had “unequivocally rejected” an offer from Lumon Acquisitions, a vehicle of Pollen Street Capital. The board had also…

Stricken Currency Firm Argentex In Talks About Emergency Sale - Great Yorkshire Radio

Sky News has learnt that Argentex Group, which saw trading in its shares suspended on Tuesday, is negotiating a sale with several parties, with IFX Payments, a privately owned company, said to be among the contenders. Banking sources said a definitive deal with a buyer could be announced as soon as Wednesday morning. IFX Payments was said to be one of several bidders which had been in discussions with Argentex’s advisers during the course of Tue…