Announced
Financials
Tags
Majority
Private Equity
Private
Friendly
Single Bidder
Russian Federation
Acquisition
Domestic
Pending
Coal
metallurgical coal
Synopsis
A-Property, Albert Avdolyan's company, agreed to acquire Sibanthracite Group, a coal producer, from Alltech Group, an investment firm, for $1bn. Sibanthracite will maintain its independence as a separate company under the deal. The agreement stipulates that long-term contracts will be signed with Sibanthracite’s top managers and includes provisions for their participation in the company’s share capital.
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