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.

Discussions are at an advanced stage, though Argentex’s board cautioned there was no certainty a deal would be reached, according to a statement on Wednesday. The company rejected bids it received from Lumon Acquisitions Ltd., a vehicle of Pollen Street Capital, as well as from fintech developer Terry Clune and Harry Adams, a former chief executive officer of Argentex.