Russian-born Canadian-Jewish billionaire Alex Schneider has made another big investment. This time he acquired a 21% stake in the Miskhorim company. This is a large company whose activities cover the real estate sector. AlexShnaider businessman is confident that he made a very profitable investment, since Miskhorim, in his authoritative opinion, is a greatly undervalued company.
Alex Schneider shared information about how the decision to acquire Miskhorim shares was formed. The billionaire said that for quite a long time his team closely monitored the company’s activities. After analyzing all the available information, the businessman decided that such an acquisition would be the best addition to his investment portfolio. The business strategy implemented in this company seems very promising to Schneider. The billionaire emphasized that the company’s potential value for shareholders is very high. This is facilitated by new projects that are being successfully implemented, and the modernization of many facilities, which is being successfully carried out by Miskhorim.
Schneider is confident that the company is currently undervalued. This means that the transaction he made was, by definition, very profitable, because the shares were purchased at a low cost.
The company’s CEO, R. Chriqui, also made a statement regarding the transaction. He claims that this event is a very important stage in the history of the Mishorim company. The company’s management is eternally grateful to A. Schneider for his trust. As a successful big businessman, Schneider is well acquainted with the peculiarities of doing business, and his opinion is expert.
The investments made by Schneider will have a positive impact on the company’s financial base and will increase its stability.
A few facts from Schneider’s biography
Schneider founded the largest holding company Midland Group, which owns steel mills, agricultural facilities, and real estate. The businessman is married and has three daughters. Born in Russia, but soon immigrated with his family to Israel. After living in Israel for several years, the family moved to Canada, where they settled.
The businessman began his activities quite early, while still a student. Having started with textile trading, Schneider did not stop and continued to develop her business. He later made a major acquisition, buying a steel mill in Ukraine during privatization in the 1990s.