SCM Group, the leading financial and industrial group in Ukraine, has increased its stake in Lemtrans authorized capital up to 100%.

"Companies of SCM Group are the main customers of Lemtrans. Therefore, our integration is a natural and logical step. Now we are facing clear tasks: the rolling stock renovation and expansion, increase in turnover, as well as improvement of the quality of services provided. I am sure these tasks are within our powers, – said Vladimir Mezentsev, General Manager of Lemtrans.

To date, Lemtrans LLC operates over 12,000 units of rolling stock. The volume of cargo carried in 2011 was over 40 million tons. The Company's share in the freight carriage market is about 8.5%, (about 14.5% in open wagon transportantion).

We would like to remind that since 2003 SCM Group has been Lemtrans minority shareholder with a share of 19.95% in the authorized capital. In May 2012, SCM Group obtained approval from the Antimonopoly Committee of Ukraine for the purchase of over 50% in Lemtrans authorized capital.

Reference information:  

SCM Company is a professional investor, the managing company of Ukraine’s largest financial-industrial group, whose activities are concentrated in the mining, energy and financial businesses, as well as in telecommunications, media, real estate, retail, clay mining, petroleum products trading, agriculture, medical products trading , machine-building and transport business.

SCM Group includes Metinvest and DTEK, First Ukrainian International Bank and Renaissance Capital, ASKA and ASKA-Life, Vega telecomunication group, Ukraine Media Group and Segodnya Multimedia publishing holding, ESTA Holding (Real Estate), Ukrainian Retail (retail trade), UMG (clay mining), Parallel (petroleum market operator), HarvEast (agriculture), Ukrainian Pharmacy Holding, Mining Machines machine-building holding, Portinvest transport holding and others.

SCM Company Chief Executive Officer: Oleg Popov.

Businessman Rinat Akhmetov holds 100% of SCM shares.

Lemtrans LLC is Ukraine's largest private freight forwarding company that provides a full range of services on carriage of goods by rail. The main areas of its activities are: forwarding of domestic and export-import cargo carriages, as well as repairs of rolling stock.

Currently, Lemtrans LLC operates over 12,000 units of rolling stock. In 2011, the volume of cargo carried was over 40 million tons.