Ukrainian News reported that Donetsk based System Capital Management company has decided to open an office in London.

Mr Oleh Popov DG of SCM said that "Speaking about the geography, we have not changed our major goals and will continue investing in Ukraine. At the same time we have decided to open an office of the company in London. It will be engaged in studying possibility of investments outside Ukraine. We are likely to invest small amounts of money and see how successful it will be. The London office will be opened by the end of the year.”

As Ukrainian News earlier reported, the SCM company has reported a consolidated profit before tax of USD 3,128 million for 2011. The SCM company owns and runs assets in mining, energy, telecom, banking, insurance, media sectors as well as in retail and real estate. The 100% stake in SCM belongs to Rinat Akhmetov.

Source - Ukrainian News Agency

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