---
title: "BAUDELAIRE'S HORSE LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/485284ff-b17e-5bed-bdec-b79da6292754
json: https://whiteintel.dev/api/public/dossier/485284ff-b17e-5bed-bdec-b79da6292754
identifier: icij:icijol-55054359
jurisdiction: MT
risk: High
source: WhiteIntel corporate-ownership graph
---

# BAUDELAIRE'S HORSE LIMITED

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55054359`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/485284ff-b17e-5bed-bdec-b79da6292754  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/485284ff-b17e-5bed-bdec-b79da6292754  

## Ownership & control

### Owners / controllers

- **NIKLAS DEROUECHE** (shareholder of) — https://whiteintel.dev/entity/a1296aad-8dee-5928-a258-5144e2b31885
- **DERZHAVA HOLDING LIMITED** (shareholder of) — https://whiteintel.dev/entity/15790bf5-b5f2-53d0-b80f-3ba245aec5a5

### UBO chain (walk to the ultimate owner)

A **7-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**4** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/55054359

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **BAUDELAIRE'S HORSE LIMITED**. Human view: https://whiteintel.dev/entity/485284ff-b17e-5bed-bdec-b79da6292754 · Structured JSON: https://whiteintel.dev/api/public/dossier/485284ff-b17e-5bed-bdec-b79da6292754._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._