 | |
| Industry | International trading and investment |
|---|---|
| Founder | Alex Shnaider |
| Headquarters | |
Area served | Worldwide |
| Owner | Alex Shnaider |
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 Soviet-born Canadian national, and Ukrainian-born Eduard Shifrin of London, UK.
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.[1] Shnaider used proceeds from the sale to partially meet cost overruns at his Toronto Trump Tower. [1]
- ^ a b Protess, Ben; Kramer, Andrew E.; McIntire, Mike (5 June 2017). "Bank at Center of U.S. Inquiry Projects Russian 'Soft Power'". The New York Times. p. A1. Retrieved 5 June 2017.