Incitec Pivot Limited (ASX: IPL) has announced that it has signed an agreement for the sale of its ammonia manufacturing facility located in Waggaman, Louisiana, to CF Industries Holdings, Inc. for a total value of US$1.675 billion.

Latham & Watkins LLP represents Incitec Pivot in the transaction with a corporate deal team led by Houston partners Ryan Maierson and Lauren Anderson, with Houston associates Ashley Nguyen, Monika Kluziak, Janhavi Das, and Brian Bruzzo. Advice was also provided on project development matters by Washington, D.C. partner Paul Hunt, with Houston associate Shawn Beloin; on antitrust matters by Washington, D.C. partners Jason Cruise and Lindsey Champlin, with Washington, D.C. associate Ivy Ziedrich; on tax matters by Houston partners Tim Fenn and Jared Grimley, with Houston associate Mike Rowe; on benefits and compensation matters by Washington, D.C. partner Adam Kestenbaum, with Los Angeles associate Courtney Thomson; on real estate matters by San Diego partner Robert Frances and San Diego counsel Aaron Friberg, with San Diego associate Will Swanson; on environmental matters by Los Angeles/Houston partner Joshua Marnitz, with Washington, D.C. associate Andrew Landolfi; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson, with Washington, D.C. associate Kellye Quirk; on data privacy matters by Houston/Austin counsel Robert Brown; on insurance matters by Los Angeles partner Drew Levin, with San Diego/Los Angeles associate Hannah Cary; on CFIUS matters by Washington, D.C. partner Les Carnegie, with Washington, D.C. associate Elliot Hecht; on finance matters by Houston partner Matt Jones, with Houston associate Max Fin; and on FCPA matters by Washington, D.C. partner Joseph Bargnesi.