System Capital Management
 |
|
| Private | |
| Industry | Holding |
| Founded | 2000 in Donetsk |
| Headquarters | Donetsk, Ukraine |
|
Key people
|
Rinat Akhmetov (owner) Oleg Popov (CEO) |
| Revenue |
 US$23.470 billion (2012) |
| Total assets |
US$31 billion (2012) |
| Owner | Rinat Akhmetov (100%) |
|
Number of employees
|
300,000 |
| Subsidiaries |
Metinvest DTEK ESTA Holding |
| Website | www |
System Capital Management or SCM (Ukrainian: Систем Кепітал Менеджмент) 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. In 2011, the group has revenues of around $19.5 billion and has assets worth over $28.4 billion.
SCM was set up in 2000. It 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 total number of employees at SCM enterprises is about 200 thousand people. The Group is audited by PricewaterhouseCoopers.
The biggest company in the SCM Group is Metinvest involved in the mining and steel business. It is one of the 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. In addition to Ukraine, Metinvest has assets in the USA, Italy, UK, Bulgaria, and Switzerland.
The second major company of the group is a coal mining and power generation company DTEK. DTEK was formed in 2002. The nucleus of the complex consisted of Vostokenergo Power Generation Company, ServiceInvest Energy Company, and the coal mine Komsomolets Donbassa. The other companies ranged from scientifically oriented energy-sector companies to those in various social fields.
SCM also owns two large banks and an insurance company. In telecommunications, SCM has a fixed line business, Vega Telecom group. The Group's media interests include the newspaper Segodnya and Ukraina Media Group. The group is also in the real estate business and owns two five star hotels – one in Kiev and one in Donetsk. SCM group also includes assets in heavy engineering, clay production, transportation, agriculture, and retail businesses.
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Wikipedia