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White & Case Advises RusVinyl on €750 Million PVC Plant Project Financing in Russia

London, Moscow, July 11, 2011 ... Global law firm White & Case LLP has provided English and Russian law advice to RusVinyl LLC ('RusVinyl'), and transaction sponsors, CJSC SIBUR Holding and SolVin GmBH & Co KG, on the €750 million project financing of a 330,000 tonnes pa PVC plant in Kstovo, Nizhny Novgorod, Russia.

"White & Case is pleased to have been involved in this transaction. The Firm has a long history of acting on project finance transactions in Russia, and this is another example of the strength of our Infrastructure, Energy and Project Finance practice globally," said White & Case partner Evgenia Laurson. "The Firm's English law capabilities, coupled with our local Russian law expertise, provided the clients with the guidance, counsel and advice required to see this project to fruition."

The plant will be constructed and operated by RusVinyl, a 50/50 joint venture between CJSC SIBUR Holding and SolVin Holding Nederland B.V. (an affiliated company of Solvay Group and BASF). Financing for the transaction will be provided by the European Bank for Reconstructions and Development, Sberbank of Russia, BNP Paribas, ING Bank N.V. and HSBC France. Guarantees were provided by Belgium's export credit agency, ONDD and France's Coface.

The White & Case team was led by Moscow partners Evgenia Laurson, Natalia Nikitina and a London partner Peter Finlay, along with counsel Tallat Hussain (London) and associates Dmitry Dubenetsky, Ali Ibragimov (Moscow), and Natalya Bremen, Anastacia Kharitonova and Kimberly Haughton. SolVin Holding Nederland B.V. was advised by internal counsel, Mr. Richard Verlaque. CJSC Sibur Holding was advised by its internal legal department represented by Ms. Maria Ulymzhieva. Linklaters acted for the banks.

About White & Case
White & Case LLP is a leading global law firm with lawyers in 37 offices in 25 countries. Among the first US-based law firms to establish a truly global presence, we provide counsel and representation in virtually every area of law that affects cross-border business. Our clients value both the breadth of our global network and the depth of our US, English and local law capabilities in each of our regions and rely on us for their complex cross-border transactions, as well as their representation in arbitration and litigation proceedings.

Oonagh Baerveldt
Media Relations
Phone: +44 20 7532 2927

Jane Jardine
Media Relations
Phone: +44 20 7532 2844