Midland Group
Template:Short description Script error: No such module "For". Script error: No such module "Infobox".Template:Template otherScript error: No such module "Check for conflicting parameters".Script error: No such module "Check for unknown parameters". 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]
Electric Networks of Armenia
In 2002, Electric Networks of Armenia (ENA) was privatized by Midland Resources Holding.[2] 100% of ENA shares were sold to Midland Resources Holding company.[3]
Sports investments
Formula One
Script error: No such module "Labelled list hatnote". In October 2004, the Midland Group announced its intention to enter Formula One motor racing in 2006, with plans to use a car built by the Italian manufacturer Dallara. In January 2005 the group changed plans by purchasing the Jordan Grand Prix team from Eddie Jordan for approximately US$50 million.[4][5] They kept the yellow-liveried EJ15 cars and declared 2005 to be a year of learning. Under the name Midland F1 Racing, the team made its debut with a brand-new car and livery at the start of the 2006 Formula One season. With this team, Shnaider declared his intention to bring the first Russian driver into the sport,[6] a feat not achieved until Vitaly Petrov's entrance into F1 with Renault,[7] three years after Schnaider sold the team. On 9 September 2006, the team was sold to Spyker Cars for $106.6 million.[8][9]
In 2007, the team competed as Spyker F1, and in 2008 was sold to Indian businessman Vijay Mallya and was renamed Force India F1.[10]
From the beginning of the 2008 season, the team became known as Force India and remained active until 2018, when a group of consortium led by Lawrence Stroll bought the assets of the former team in 2018 following a financial collapse that forced Force India to be put under administration. From 2018 to 2020 the new team competed under the Racing Point banner.[11][12] In 2021 the team was rebranded as Aston Martin.[13]
References
<templatestyles src="Reflist/styles.css" />
- ↑ a b Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
- ↑ Script error: No such module "citation/CS1".
Script error: No such module "Check for unknown parameters".
External links
- Script error: No such module "Official website".Script error: No such module "Check for unknown parameters".
- Profile of Alex Shnaider
- Midlandia Photo of Midlandia megayacht at the Monaco GP