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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.

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