SCM Group Announces Corporate Restructuring
OREANDA-NEWS. SCM LIMITED now owns 100% of shares in DTEK Holdings B.V.
SCM (SYSTEM CAPITAL MANAGEMENT) LIMITED (fully owned by the SCM Group) purchased 25% of shares of E.R. EASTENERGY RESOURCE LIMITED (fully owned by the SCM Group) and thus now owns 100% of shares of DTEK Holdings B.V.
The transaction was a part of SCM Group corporate restructuring.
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, 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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