SCM Holdings

SCM Holdings

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SCM Holdings

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Description:
System Capital Management or SCM () is a major Ukrainian financial and industrial holding company with headquarters based in Donetsk in the east of the country. The business is controlled by a Ukrainian businessman Rinat Akhmetov who owns 100% of the company shares. According to recently published figures the group has revenues of around $8 billion and has assets worth over $18.5 billion.

Overview

SCM was set up in 2000 and now includes over 100 businesses in metals and mining, power generation, banking and insurance, telecommunications, media and real estates as well as in some other spheres. The biggest company in the SCM Group is Metinvest, which is a mining and steel business and is generally agreed to be Ukraine’s largest private business and is one of the bigger steel businesses in Europe. It is also the largest Ukrainian producer of iron ore. Metinvest also has assets in the USA, Italy, UK, Bulgaria and Switzerland. The second majour company of the Group is DTEK, which mines coal and owns and operates a number of power stations in Eastern Ukraine. It was launched as the power generation and distribution holding within SCM in February 2006. SCM also owns two large banks and an insurance company. In telecommunications, SCM has a fixed line business, Vega Telecom group and a big share in mobile operator, ). The Group’s media interests include the newspaper Segodnya and «Ukraina» Media Group. The group is also in the real estate...
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