SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011
SCM GROUP PUBLIC REPORT 2011
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Gorlovskiy Mashinostroitel Engineering Plant (Mining Machines<br />
Group) successfully passed the re-certification audit<br />
to comply with ISO 9001:2008 standard.<br />
DTEK won the tender of the State Property Fund of Ukraine<br />
for the sale of a 40% share in Donetskoblenergo. The purchase<br />
price was $58m. As a result, DTEK acquired a 71.34%<br />
share in the company.<br />
DTEK signed an agreement with the State Property Fund<br />
of Ukraine for the purchase of a 45% stake in Zapadenergo<br />
at $242m – $4.32m higher than the price, determined<br />
by the independent valuator. As a result, DTEK acquired<br />
a 70.94% share in the company.<br />
February<br />
DTEK signed a 3-year, $110m multi-currency revolving credit<br />
facility with Ukrsotsbank. The funding will be used for the replenishment<br />
of DTEK's working capital.<br />
DTEK signed a 3-year, $150m line of credit with UniCredit<br />
Bank Austria AG. The funding will be used for the general<br />
corporate purposes, including working capital replenishment<br />
and financing capital repairs, in line with the company's longterm<br />
development strategy.<br />
March<br />
DTEK Holdings B.V. acquired a 95.4% share in Belozerskaya<br />
Mine.<br />
Metinvest and Krivoy Rog City Council signed an agreement<br />
for long-term cooperation and joining efforts in resolving<br />
the local social issues. Signing the agreement was a part<br />
of Metinvest's new social policy. The overall investment volume<br />
in the city's social programs in 2012 was increased twofold<br />
– to $5m.<br />
70<br />
DTEK signed an agreement with the State Property Fund<br />
of Ukraine for the purchase of a 25% share in Dneproenergo<br />
for $147m ($0.68m higher than the price, offered<br />
by DTEK at the privatization tender on January 11, 2012).<br />
The price of the share was determined by the independent<br />
valuator as of March 1, 2012. The initial purchase price<br />
of $147m was set by the State Property Fund of Ukraine. As<br />
a result of the transaction, DTEK acquired a 72.93% share<br />
in Dneproenergo.<br />
Dneproenergo completed the certification of its occupational<br />
safety and environmental management systems to comply<br />
with OHSAS 18001:2007 and ISO 14001:2004 standards.<br />
<strong>SCM</strong> Group completed a number of corporate transformations,<br />
aimed at increasing transparency and investment attractiveness<br />
of its business.The transformations were aimed<br />
at separting the functions of business management and<br />
ownership. As a result, <strong>SCM</strong> Company will be performing<br />
a strategic management function, while <strong>SCM</strong> Holding Limited<br />
(Cyprus) will be performing an ownership funcion of all<br />
<strong>SCM</strong> Group's assets. Since 2012 all shares of <strong>SCM</strong> Company<br />
and <strong>SCM</strong> Holdings Limited are directly owned by Rinat Akhmetov<br />
(previously Rinat Akhmetow owned <strong>SCM</strong> Holdings<br />
Limited indirectly, through <strong>SCM</strong> Company).<br />
April<br />
HarvEast holding signed a $7m, 5-year leasing agreement<br />
with OTP Leasing. The funding will be used to upgrade<br />
the agricultrual machinery. Within the framework of the investment<br />
program, the following will be purchased: cultivation,<br />
tillage, and seeding machinery, as well as harvesting<br />
and storage equipment.<br />
DTEK won the tender of the State Property Fund of Ukraine<br />
for the sale of a 50% share in Dneprooblenergo with the purchase<br />
price of $82.6m. Upon completing the transaction,<br />
DTEK acquired a 51.505% share in the company.
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