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Borealis to Acquire NOVA Chemicals Ownership Interest in Novealis Joint Venture

Vinson & Elkins advised Borealis AG (“Borealis”) in an agreement whereby Borealis will buy NOVA Chemicals Corporation’s 50% ownership interest in Novealis Holdings LLC.

Borealis is a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers.

The V&E corporate team was led by partner Doug Bland and associate Caroline Kuehn with assistance from partner Alan Alexander and associates Yianni Georgeton and Zach Parker. Advising on tax matters were partners Jason McIntosh and Gary Huffman and associates Andrew Mandelbaum and Chris Garza.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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