Published 24/06/2026 – 22:18 GMT+2 • Updated 22:27
Five years after the initial ‘OpenLux’ disclosures, a reinvigorated investigation led by OCCRP and Le Monde reexamines Luxembourg-based companies and their ownership structures, uncovering renewed connections to Spanish high-net-worth individuals.
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This 16-media coalition investigation, including Spain’s InfoLibre, discloses fresh instances of Spanish citizens utilizing Luxembourg’s corporate opacity for financial activities, including business leaders, aristocrats, and politically connected figures.
From the Pujol Dynasty to Fashion Moguls
Journalists highlight Jordi Pujol Gironès—grandson of Catalan leader Jordi Pujol—as owning 50% of Casa de Datos SCSp, a Luxembourg entity exempt from public financial reporting. The partnership with an Italian investor obscures details of its investments.
Amancio Ortega’s empire appears again through Adelphi Property Sàrl, which liquidated its London office building in 2024 in favor of UK restructuring. Ortega’s current Luxembourg portfolio includes nine entities, most tied to Pontegadea, with Pontegadea Logistics Holdings Sàrl established in April 2026.
Billion-Euro Holdings and Royal Ties
Hills Place Sàrl maintains operations with £2.4bn (~€2.8bn) in assets per 2024 filings. Ortega’s Luxembourg-linked companies collectively hold >€10bn in assets according to trade register data.
Aristocratic Networks and Future Revelations
The investigation cites José Luis Cotoner Martos, Marquess of Bélgida (son of Franco’s mentor), who controls a €27m Luxembourg holding company despite Spanish tax fraud convictions. Authorities hint at impending reports on
“businesspeople, former officials, nobles, and athletes”
linked to Spanish-Luxembourg financial crossings.
