---
title: "EXALCO (METALS & STEEL) LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/a98ec9c1-b698-5ce6-88e5-5ecbcecd6bf0
json: https://whiteintel.dev/api/public/dossier/a98ec9c1-b698-5ce6-88e5-5ecbcecd6bf0
identifier: icij:icijol-55000444
jurisdiction: MT
risk: High
source: WhiteIntel corporate-ownership graph
---

# EXALCO (METALS & STEEL) LIMITED

**Type:** Company  
**Jurisdiction:** MT  
**Identifier:** `icij:icijol-55000444`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/a98ec9c1-b698-5ce6-88e5-5ecbcecd6bf0  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/a98ec9c1-b698-5ce6-88e5-5ecbcecd6bf0  

## Ownership & control

### Owners / controllers

- **ALEXANDER MONTANARO** (shareholder of) — https://whiteintel.dev/entity/2d923849-ec0f-5f06-85d6-681dafda0fd3
- **EXALCO HOLDINGS LIMITED** (shareholder of) — https://whiteintel.dev/entity/52a74ec0-f966-533c-a958-7552c5adbcf8

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

A **6-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)

**2** 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/55000444

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **EXALCO (METALS & STEEL) LIMITED**. Human view: https://whiteintel.dev/entity/a98ec9c1-b698-5ce6-88e5-5ecbcecd6bf0 · Structured JSON: https://whiteintel.dev/api/public/dossier/a98ec9c1-b698-5ce6-88e5-5ecbcecd6bf0._

_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"._