11.10.2022
Artikel Nummer: 42513
A big deal about cash
The Spanish company Prosegur Cash, which specialises in logistics services for securities and cash management, has bought the majority of shares from the 1991-founded Change Group, a global provider of foreign currency and financial services.
The takeover of a non-specified "controlling stake" will Prosegur Cash’s international presence and 45,000 person strong team with the retail foreign exchange branches and ATM network of the Change Group, which is also engaged in tax refund services. A common global coverage is the aim.
The senior management remains in place and Change Group will also retain its headquarters in London. The value of the transaction was not disclosed. Prosegur Cash is listed on the Spanish stock exchanges. (sh)