A-Property to acquire Sibanthracite Group from Alltech Group for $1bn.

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.