Trading

Argentex sold to IFX Payments after Trump tariffs spark cash crisis

The currency trading firm’s CEO has left after a rollercoaster week

The currency trading firm was hit by the fall in the value of the US dollar Hollie Adams/Bloomberg via Getty Images
The currency trading firm was hit by the fall in the value of the US dollar Hollie Adams/Bloomberg via Getty Images

Argentex has agreed a heavily discounted sale to rival IFX Payments after a chaotic few days for the currency trading firm.

AIM-listed Argentex struck a takeover deal with IFX valuing the company at around £3m, it said in a stock market statement on 25 April.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line