How Helena Revoredo Maintains Iron Grip on Prosegur Despite Minority Stake

In a strategic governance move that underscores the complexity of share ownership structures in multinational corporations, Prosegur Compañía de Seguridad, S.A. (ES:PSG) has clarified that Helena Revoredo Delvecchio retains decisive control over the company’s fate through an innovative syndication mechanism.

The Voting Rights Arrangement

While Revoredo holds less than 50% of the share capital in Gubel, S.L.—the entity that functions as Prosegur’s principal shareholder—a carefully structured syndication agreement grants her command over the majority of voting rights. This arrangement is a textbook example of how control can be separated from actual ownership percentages in complex corporate hierarchies, a structure common among established European and US-listed companies seeking to maintain founding family influence.

What This Means for Prosegur Operations

The continued authority over voting mechanisms ensures Revoredo’s sustained influence extends not just to Prosegur’s strategic decisions, but also flows through to Prosegur Cash, S.A., the company’s subsidiary operation. This cascading control structure is particularly significant given Prosegur’s international footprint and the importance of unified decision-making at the top level.

For investors tracking ES:PSG, this governance clarification provides certainty around leadership continuity and removes ambiguity about who effectively steers the company’s direction—a factor that often matters to market participants concerned with executive stability in large-cap security services providers.

The syndication framework represents a deliberate choice to prevent ownership fragmentation while allowing Revoredo to maintain her foundational role in shaping the organization’s future, a structure that mirrors governance models seen across established firms in both European and North American markets.