Structure
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 and a big share in mobile operator, Life:). 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, retail businesses.
Read more about this topic: SCM Holdings
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