Midland Group

The Midland Group is an international trading and investment holding company. Registered in Guernsey under the name Midland Resources Holding Ltd, the group owns a number of subsidiaries across the agriculture, manufacturing, real estate, shipping and steel industries. The group's co-founders are billionaires Alexander Shnaider (chairman), a Russian-born Canadian national, and Ukrainian-born Eduard Shifrin of London, UK.

For the arts organisation of the same name, see The Midland Group.
Midland Group
IndustryInternational trading and investment
FounderAlex Shnaider
Headquarters
Guernsey
Area served
Worldwide
OwnerAlex Shnaider

Primarily active in the Commonwealth of Independent States as well as Eastern Europe and the Far East, the Midland group of companies has a presence in 34 countries worldwide.

According to the Panama Papers, in 2010, Shnaider sold at least half of Midland's ownership in Zaporizhstal steel mill to buyers financed by Russian state-owned Vnesheconombank, who were then themselves acquired by the development bank. Shnaider used proceeds from the sale to partially meet cost overruns at his Toronto Trump Tower.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.