OREANDA-NEWS. In 2007, the apartment in the One Hyde Park development, London, was bought by a subsidiary of SCM Group as a portfolio investment.

All taxes and charges in connection with acquisition of the property were paid as required by applicable laws.

SCM's shareholder, Rinat Akhmetov, has made a decision to transfer the apartment at OHP from the company to personal ownership.

Rinat Akhmetov has paid all the costs associated with the re-registration and maintenance of the property out of personal funds.

System Capital Management (SCM) is a professional investor, the management company of the biggest Ukrainian financial and industrial group focusing on mining and metals, energy and finance. The company also operates in other sectors including telecommunications, media, real estate, grocery retail, clay production, petroleum products retail, agriculture, pharmaceuticals retail, heavy engineering and transportation.

SCM Group includes Metinvest Holding, DTEK, First Ukrainian International Bank, Renaissance Capital Bank, ASKA and ASKA-Life insurance companies, Vega Telecommunications Group, Ukraina Media Group, Segodnya Multimedia publishing holding, ESTA Holding (real estate), Ukrainskiy Retail (grocery retail), UMG (clay production), Parallel (petroleum products retail), HarvEast (agriculture), Ukrainian Pharmacy Holding, Mining Machines holding, Portinvest transportation holding and others.