Who owns Trafigura Pte Ltd: from TGPL to the Farringford Foundation

analysisTrafigura Group Pte. Ltd. (TGPL; UEN 201017488D), at TPTE's Collyer Quay address, is the group's holding company and TPTE's indirect parent; GLEIF records it as TPTE's direct parent by accounting consolidation, while TGPL's own record names no parent. The intermediate holding companies are TPTE Holding Limited, which moved to Malta in 2019 and appears in the 2022 annual report among the principal subsidiaries, the Maltese Trafigura Holdings Limited, Trafigura Holdings Pte. Ltd., incorporated in 2015 and the direct shareholder of the bond issuer, and Trafigura Control Holdings Pte. Ltd., formerly Trafigura (Singapore) Trading Pte. Ltd. ^{1 2 3 4 5 6 7 8 9 10}

qualification

The registration details come from corporate-data aggregators relaying the Maltese and Singapore registers.

analysisA 2024 staff report of Bulgaria's Energy and Water Regulatory Commission (KEVR) sets out the chain from documents the group supplied: TPTE Holding Limited, Trafigura Holding Sàrl (Switzerland), Cortes Holdings and Cortes Investments (Luxembourg), Trafigura Holdings Pte. Ltd. and TGPL, each the sole owner of the one below, then Trafigura Beheer B.V., whose members are Trafigura Control Holdings Pte. Ltd. with 99% of the votes and three Jersey nominee and trustee companies. Trafigura Control Holdings is owned by Farringford Foundation. A notification of 6 February 2026 on a stake in Atalaya Mining gives the same upper chain, through the Maltese Trafigura Holdings Limited and Urion Holdings, and names no natural person. ^{1 2}

analysisFarringford Foundation is a Panamanian private foundation registered under number 25040243, with an LEI first issued in 2025 and an address in care of a Panamanian law firm. TGPL's 2022 annual report, a European Commission notice of July 2024 and the 2026 half-year report all name it as the group's ultimate controller, the last adding that it has decisive voting power over Trafigura Control Holdings without exposure to variable returns. The KEVR report found the foundation to be the entity exercising indirect control and, because Panama was on the EU's list of non-cooperative tax jurisdictions, examined whether an exception allowed a licence; it found that TPTE's Bulgarian subsidiary had registered the natural persons behind the foundation. ^{1 2 3 4 5 6}

qualification

The GLEIF creation date of 2024 does not match the aggregator's age of about seven years or the group's naming of the foundation as ultimate controller in its 2022 annual report; the foundation's own register entry was not obtained. The report is a staff proposal; the commission's decision on the 2023 application is not in the retained record.

analysisThose persons, as entered in the Bulgarian register, were Mark Irwin, Pierre Lorinet, Jeremy Weir and Andrew Vickerman from October 2023; all four were deleted in September 2025, and in January 2026 Lorinet, Irwin, Richard Holtum and Weir were entered. ⁷

qualification

A beneficial-owner entry is a declaration made for the register; it does not show that these people hold shares in the company.

analysisIn December 2018 a restructuring notified to the Belgian zinc producer Nyrstar ran the chain from Farringford N.V. of Curaçao through Farringford Malta Limited, Beheer Malta Limited, a Luxembourg Trafigura Control Holdings company, Trafigura Control Holdings Pte. Ltd., TBBV, TGPL and Trafigura Holdings Pte. Ltd. to Cortes Investments; the notification said that no person had controlled Farringford N.V. since the death of the founder Claude Dauphin in 2015. Farringford N.V., registered in Willemstad since 1992, has a lapsed LEI and ceased to be recorded in GLEIF as the ultimate parent of group companies in 2022 and 2023. ^{1 2 3}

analysisTrafigura Beheer B.V. (TBBV), a Dutch company now registered at the Collyer Quay address, is described by the 2025 prospectus as the group's former parent and by the annual reports as TGPL's immediate parent. It is the vehicle of employee ownership: about 1,400 senior employees in 2025 held shares that TBBV issues and redeems at its discretion, and dividends reach them only through those redemptions. In May 2026 the group said TBBV was considering moving its domicile to Bermuda. ^{1 2 3 4 5 6}

qualification

The plan is the company's own statement relayed by the press; the GLEIF record of 15 October 2026 still shows TBBV as a Dutch company, and no completed change of domicile is recorded.

outcome

Not completed in the record by 15 October 2026: the GLEIF record still gives the Netherlands as TBBV's jurisdiction.