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    Home > Finance > FX firm Argentex agrees to takeover deal with IFX Payments
    Finance

    FX firm Argentex agrees to takeover deal with IFX Payments

    Published by Global Banking & Finance Review®

    Posted on April 25, 2025

    1 min read

    Last updated: January 24, 2026

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    Quick Summary

    Argentex Group has agreed to a £3M takeover by IFX Payments, shortly after a CEO change. The deal values the company at $4 million.

    Argentex Group and IFX Payments Finalize £3M Takeover

    (Reuters) -Britain's Argentex Group said on Friday it had reached an agreement with IFX Payments for a takeover, which values the currency risk management company at about 3 million pounds ($4 million), hours after it replaced its CEO.

    ($1 = 0.7506 pounds)

    (Reporting by Pushkala Aripaka in Bengaluru; Editing by Shreya Biswas)

    Key Takeaways

    • •Argentex Group agrees to a £3M takeover by IFX Payments.
    • •The deal follows a recent CEO replacement at Argentex.
    • •The transaction values Argentex at approximately $4 million.
    • •Currency risk management is the core business of Argentex.
    • •The agreement was reported by Reuters with editorial oversight.

    Frequently Asked Questions about FX firm Argentex agrees to takeover deal with IFX Payments

    1What is the main topic?

    The main topic is the takeover of Argentex Group by IFX Payments, valuing the company at £3 million.

    2Who is involved in the takeover?

    The takeover involves Argentex Group and IFX Payments, two companies in the currency risk management sector.

    3What recent change occurred at Argentex?

    Argentex recently replaced its CEO prior to the announcement of the takeover deal.

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