UK's Argentex rejects Lavide's investment proposal
09/06/2025 12:29
June 9 (Reuters) - Argentex AGFX.L said on Monday it had rejected an equity investment proposal from the Netherlands-based Lavide Holding NV LVIDE.AS to obtain a 50% stake in the British currency risk manager for 2.5 million pounds ($3.39 million) and a potential provision of a 15 million pound credit line. The British company rejected the proposal, stating it neither covers the full share capital nor provides sufficient funding compared to an agreed deal with IFX Payments. ($1 = 0.7376 pounds) (Reporting by Yamini Kalia and Yadarisa Shabong in Bengaluru; Editing by Maju Samuel) ((Yamini.Kalia@thomsonreuters.com;))