SCM exits petroleum products trade

SCM exits petroleum products trade

13.11.2020
SCM

SCM announces that it divests the petroleum products trade business represented by Parallel company. 

On 13 November 2020, Parallel changes owner to Oilinvest 2020, which will continue to develop this business. As required by the contract, the deal amount is undisclosed. 

Profile:

SCM is an international brand present in seven countries of Europe and North America. The industrial holdings and business assets of SCM operate in mining and metals, energy generation, banking, telecommunications, mass media, transportation, agriculture, insurance and other sectors.

SCM's portfolio includes Metinvest, DTEK, First Ukrainian International Bank (FUIB), Ukrtelecom, Vega Telecommunications Group, Media Group Ukraine, UMG Investments, Lemtrans, ESTA, HarvEast, Portinvest, ASKA, ASKA-Life, etc. Over 500 businesses of SCM employ around 200,000 people.

The ultimate beneficiary of SCM is a businessman Rinat Akhmetov.

 

Press office of SCM:
+38 (044) 501-77-95