Harborne’s IFX to Lose Money From Failed Argentex Takeover

A company owned by prominent UK political donor and crypto investor Christopher Harborne is expected to lose money on its failed takeover of Argentex Group Plc, after pumping cash into the beleaguered currency broker last year.

Harborne’s IFX (UK) Ltd. will likely “suffer a shortfall” on its £35 million ($47 million) loans to Argentex, according to a report from the latter’s joint special administrators. The exact financial outcome is uncertain and will be dependent on further asset realizations and costs, the report said.