SCM Rules Out Holding Of IPO

skm2The System Capital Management company rules out holding of IPO at foreign exchanges, director general of the company Oleh Popov said, Ukrainian News reported.

The director general said that at present he sees no need in IPO. At the same time, he believes that in near future, the company will not fall back to that scenario.

System Capital Management is Ukraine’s leading financial and industrial group operating in six core business areas: metals and mining, energy, banking and insurance, telecommunications, real estate and media with consolidated revenues in excess of $8.151 billion in 2009. SCM group has over 150,000 employees and is committed to responsible, profitable and sustainable growth.

Businessman Rinat Akhmetov owns 100% of the shares in System Capital Management (SCM).

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