Real estate, wine and tech: how Perenco’s offshore oil profits end up back in Europe

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Maxence Peigné
Maxence Peigné
Manuel Rico
Manuel Rico
Leïla Miñano
Leïla Miñano
Paulo Pena
Paulo Pena
8 December 2022
The owners of European oil giant Perenco have invested billions of euros of offshore money in Europe. While accusations of pollution multiplied against the group, the Perrodo family funnelled over £460 million from tax havens into London real estate and grew an investment portfolio with more than €2 billion of assets in Luxembourg. New analysis by Investigate Europe and Disclose shows the extent of this business empire built on oil profits and relying on tax avoidance.
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