OREANDA-NEWS. SCM decided to sell its minority stake in Artyomovsk Winery as SCM is planning to focus on its core businesses that do not include food and drinks production. The parties agreed not to disclose the terms of the sale.

System Capital Management (SCM) is a professional investor, the management company of the biggest Ukrainian financial and industrial group focusing on mining and metals, energy and finance. The company also operates in other sectors including telecommunications, media and real estate, grocery retail, clay production, petroleum products retail, agriculture, pharmaceuticals retail, heavy engineering and transportation.

SCM Group includes Metinvest Holding, DTEK, First Ukrainian International Bank, Renaissance Capital Bank, ASKA and ASKA-Life insurance companies, Vega Telecommunications Group, Ukraina Media Group, Segodnya Multimedia publishing holding, ESTA Holding (real estate), Ukrainskiy Retail (grocery retail), UMG (clay production), Parallel (petroleum products retail), HarvEast (agriculture), Ukrainian Pharmacy Holding, Mining Machines holding, Portinvest transportation holding and others.

Chief Executive Officer: Oleg Popov.

SCM is 100% owned by Ukrainian businessman Rinat Akhmetov.