---
title: "IPCO S.A. — Ownership Dossier"
canonical: https://whiteintel.dev/entity/e559a8e9-c8b7-5594-b4af-23fdecf916bb
json: https://whiteintel.dev/api/public/dossier/e559a8e9-c8b7-5594-b4af-23fdecf916bb
identifier: icij:icijol-12164461
jurisdiction: BS
risk: High
source: WhiteIntel corporate-ownership graph
---

# IPCO S.A.

**Type:** Organization  
**Jurisdiction:** [BS](https://whiteintel.dev/jurisdictions/bs)  
**Identifier:** `icij:icijol-12164461`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/e559a8e9-c8b7-5594-b4af-23fdecf916bb  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/e559a8e9-c8b7-5594-b4af-23fdecf916bb  

## Ownership & control

### Holdings / subsidiaries

- **ADAPTIVE FINANCE LTD.** (shareholder of) — https://whiteintel.dev/entity/347ef8e0-f762-5753-be2a-ce68e81a93df
- **LINBECK INVESTMENTS S.A.** (shareholder of) — https://whiteintel.dev/entity/008445b4-e4d1-5eb1-bd07-27e77a283fd5
- **NEREA DEVELOPMENT LTD.** (shareholder of) — https://whiteintel.dev/entity/80585e15-b3c3-5693-9beb-baf4915c1062
- **CREATIVE FINANCIAL SERVICES LTD.** (shareholder of) — https://whiteintel.dev/entity/26c2e085-8d8b-5b42-ab4d-a5edfc556049
- **USTEEL INTERNATIONAL TRADE LTD.** (shareholder of) — https://whiteintel.dev/entity/d730b689-1bdd-5837-8a3d-863e4d289c03
- **GLOBAL MACHINERY & INVESTMENT LTD.** (shareholder of) — https://whiteintel.dev/entity/e0c13638-7394-538e-b84a-f10230ec9818
- **FLIPPER OVERSEAS LTD.** (shareholder of) — https://whiteintel.dev/entity/387a6e63-53a5-5cb1-b1c2-17ecae4d798c
- **EUROCHEM GROUP LTD.** (shareholder of) — https://whiteintel.dev/entity/769eae56-e343-5c68-ac47-fca4376cbb1c
- **TEXWERK INC.** (shareholder of) — https://whiteintel.dev/entity/a6b4fc45-76e6-5cdf-9b80-d832f5f43631
- **ORLEDGE CONSULTANTS LTD.** (shareholder of) — https://whiteintel.dev/entity/542d63bf-454e-552c-abe9-f5b604e05d73
- **CARELSFORD INVESTMENTS LTD.** (shareholder of) — https://whiteintel.dev/entity/642c2b40-a94b-5322-8f4c-6aec4208dd4f
- **MOUNTOP OVERSEAS CORP.** (shareholder of) — https://whiteintel.dev/entity/521042e6-55cf-5543-93e9-8fdb3179ce8d

…and **11** more subsidiaries/holdings. Resolve the full list with `get_dossier` on the WhiteIntel MCP (`npx -y @whiteintel/mcp-server`) or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/12164461

## Get the full, resolved dossier (agent-callable)

The above is the free teaser. The resolved **multi-hop UBO chain**, ownership **%**, full **financial history**, itemised **assets** and the hop-by-hop **exposure path** are the paid depth — callable as tools from your agent:

```bash
npx -y @whiteintel/mcp-server   # then: get_dossier · trace_ownership_path · check_offshore_exposure
```

Or unlock a one-off cited dossier for **IPCO S.A.** — https://whiteintel.dev/entity/e559a8e9-c8b7-5594-b4af-23fdecf916bb · pricing https://whiteintel.dev/pricing.

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **IPCO S.A.**. Human view: https://whiteintel.dev/entity/e559a8e9-c8b7-5594-b4af-23fdecf916bb · Structured JSON: https://whiteintel.dev/api/public/dossier/e559a8e9-c8b7-5594-b4af-23fdecf916bb._

_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"._