Operate in Deal-Making Hubs

“The basis for Berggruen's financial transactions is not New York, but London. There, he learned the tricks of the investment industry at the age of 17. From London, he controls his funds, buys shell companies, and diversifies his holdings. He also orchestrated his investments in India via London. The key figure is the Egyptian Tarek Shoeb, a savvy asset manager.”

“In 1995, Berggruen Holdings North America (BHNA) was registered in the British Virgin Islands as a wholly owned subsidiary of the Medici Investment Corporation. In this offshore zone between Panama, the British Virgin Islands, and the Isle of Man in the Irish Sea, the Berggruen family fortune would repeatedly be shifted through new corporate vehicles over the ensuing years. However, the art sales of Heinz Berggruen left telltale traces.”