SCM Reinvests Dividends to Develop Assets
OREANDA-NEWS. In 2013 SCM, the managing company of SCM Group, received UAH 3.34bn in dividends from SCM Financial Overseas Limited, a holding company of SCM Group.
SCM will invest the funds in the development of its assets, including modernisation of production facilities, better industrial and environmental safety, staff development, improved working conditions and higher living standards in the regions where SCM Group businesses operate.
System Capital Management (SCM) is a professional investor, the managing company of the biggest Ukrainian financial and industrial group focusing on three business areas: mining and metals, energy and finance. The company also operates in other sectors including telecommunications, media, real estate, grocery retail, clay production, petroleum products retail, agriculture, 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), Corum Group (heavy engineering), Portinvest transportation holding and others.
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