ChangeGroup Sweden AB is the Stockholm operating company of ChangeGroup, the airport and city-centre currency-exchange chain. It reported 85 employees and SEK 115.7 million in turnover for 2024. It has a registered Lisbon branch, ChangeGroup Sweden Portugal Branch – Sucursal em Portugal (NIF 980822980), set up for currency-exchange and payment services. The group itself was founded in London in 1992 and has been owned by Madrid-listed Prosegur Cash since 2022. The Nordic link here is therefore the Swedish company that holds the Portuguese registration, not the group’s ownership.
ChangeGroup Sweden AB (org. no. 556835-1646) was registered on 22 December 2010 and is based at Tulegatan 29 in Stockholm. Allabolag figures show turnover of SEK 115.7 million in 2024, EBITDA of SEK 2.1 million and a loss after financial items of SEK 2.9 million, with 85 employees. Michael Damian Robl is managing director. Its Swedish website offers foreign currency bought online and collected at a branch, buy-back of currency, and bill payment by cash or card at 25 offices in Sweden. The wider group was started in 1992 from a bureau on Regent Street in London. Prosegur Cash announced on 10 October 2022 that it had taken over ChangeGroup and described it as the world’s third-largest retail foreign-exchange operator. ChangeGroup’s corporate site still describes the business as owned by Prosegur, which is listed on the Madrid stock exchange.
In Portugal the Swedish company is registered as ChangeGroup Sweden Portugal Branch – Sucursal em Portugal (NIF 980822980), a permanent representation at Avenida José Malhoa 16B in Lisbon. Its registered object, as published by Racius, is payment services that allow cash to be deposited into a payment account, together with the activities that Portuguese law allows currency-exchange bureaus to carry out, under the legal regime for payment services and electronic money. Racius shows financial filings for the branch but not a constitution date. ChangeGroup’s corporate pages do not list any Portuguese branch locations, so how far the Lisbon registration has turned into customer-facing outlets is not public.
A Swedish operating company is the vehicle this group chose for its Portuguese registration, which is an unusual pattern. It means Portuguese payment and currency-exchange activity is booked through a Stockholm entity. Portugal has heavy tourist cash flows through Lisbon, Porto and Faro, and every bureau there competes for airport and city-centre concessions. A Prosegur-owned operator with a Portuguese licence base therefore matters to landlords, airport retail tenders and payment-services partners. For readers tracking Nordic legal entities in Portugal, this is a case where the Nordic company is a subsidiary inside a Spanish-owned, British-founded group.
On 10 October 2022 Prosegur Cash announced the ChangeGroup takeover, without disclosing the price. Portuguese retail trade title Distribuição Hoje covered the deal on 18 October 2022. Since then the group has expanded under the Prosegur ChangeGroup name. In March 2024 it won three branches at Harry Reid International Airport in Las Vegas, and on 17 June 2026 it opened five outlets in Frankfurt Airport’s new Terminal 3, both reported by the Moodie Davitt Report.
Sources: Allabolag (registration date, address, employees, 2024 accounts, managing director); se.changegroup.com (Swedish services and 25 offices); corp.changegroup.com (Prosegur ownership); Prosegur Cash press release, 10 October 2022; Distribuição Hoje, 18 October 2022; Moodie Davitt Report, 6 March 2024 and 17 June 2026; nif.pt and Racius (NIF, Lisbon address, registered object). Fetched 27 October 2026.
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