OREANDA-NEWS. September 14, 2007. As a part of SCM Group business restructuring programme SCM has transferred its 24.9802% shareholding of Avdeyevka Coke and Chemical Plant to Metalukr Holding Limited (Cyprus).

Metalukr Holding Limited makes a part of Metinvest Group which consolidates mining and metal companies of SCM Group and controls over 50% of the authorized capital of Metalukr Holding Limited.

The General Director of SCM Oleg Popov said: “SCM development strategy aims at creation of strong diversified business. We consistently implement the strategic reorganization plan and transfer corporate rights of SCM companies to our industrial holdings. The objective of such transfer of corporate rights within SCM is to improve transparency of our business, make it more understandable for investors, partners, employees”.