Akhmetov is the owner of closely held System Capital Management. Most of SCM's assets are concentrated in Ukrainian metallurgy, mining and energy, including a 71 percent stake in Ukraine's largest steel manufacturer. The company also owns interests in commercial real estate, land, telecommunications and financial operations.
Ukrainian billionaire Rinat Akhmetov’s steelmaker Metinvest appointed Serhiy Melnyk to replace Pavlo Moiseenko as director of the Sukhodilska-Skhidna coal mine, where an explosion killed 27 workers last month.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
SCM Holding, owned by Ukraine’s richest man, Rinat Akhmetov, agreed with Epic Financial Consulting Gesellschaft to acquire a stake in VAT Ukrtelecom, Kommersant-Ukraine reported, citing an unidentified person familiar with the deal.
The 40 richest individuals on Earth lost a combined $6.2 billion yesterday as stocks dropped amid disappointing U.S. earnings, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people.
Metinvest, Ukraine’s biggest steelmaker, expects earnings before interest, taxes, depreciation, and amortization to fall this year on declining steel sales, Chief Financial Officer Sergiy Novikov said.