IFX’s Argentex takeover falls through amid administration fears

London-based IFX Payments has officially terminated its planned takeover of embattled Forex broker Argentex Group, closing the book on a dramatic financial saga. The £3m deal, agreed earlier this year following emergency funding from IFX, has now formally lapsed after the UK Takeover Panel granted approval for IFX to activate insolvency-related escape clauses written into … Continue reading IFX’s Argentex takeover falls through amid administration fears