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The latest update is out from Argentex Group Plc ( (GB:AGFX) ).
Argentex Group Plc has rejected a preliminary non-binding proposal from Lavide Holding N.V., a financial holding company, which aimed to acquire a 50% equity interest in Argentex for £2.5 million. The proposal also included a potential £15 million credit facility. The board unanimously dismissed the offer as it did not cover the entire issued share capital and the funding was insufficient compared to existing provisions from IFX Payments, which are necessary for Argentex’s continued operations and regulatory compliance.
More about Argentex Group Plc
Argentex Group Plc operates in the financial services industry, focusing on foreign exchange services and solutions. The company is known for providing tailored currency risk management and payment services to a diverse range of clients, including businesses and financial institutions.
Average Trading Volume: 941,532
Technical Sentiment Signal: Sell
Current Market Cap: £2.95M
See more data about AGFX stock on TipRanks’ Stock Analysis page.
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