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Argentex Shareholders Approve Acquisition by IFX Payments

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Argentex Shareholders Approve Acquisition by IFX Payments

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Argentex Group Plc ( (GB:AGFX) ) has provided an announcement.

Argentex Group Plc announced the approval of a recommended cash acquisition by IFX Payments, following successful votes at both the Court Meeting and the General Meeting. The acquisition, which will be implemented through a scheme of arrangement, received overwhelming support from shareholders, with 81.79% voting in favor at the Court Meeting. The acquisition is expected to be finalized by September 2025, pending regulatory approvals and other conditions, potentially enhancing Argentex’s market position and operational capabilities.

More about Argentex Group Plc

Argentex Group Plc operates in the financial services industry, specializing in providing foreign exchange services and international payment solutions. The company focuses on offering tailored currency risk management and payment services to a diverse range of clients, including businesses and financial institutions.

Average Trading Volume: 1,008,801

Technical Sentiment Signal: Sell

Current Market Cap: £3.31M

See more data about AGFX stock on TipRanks’ Stock Analysis page.

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