Latham Represents Yara on US$1.3 Billion Acquisition of Gulf Coast Ammonia Plant

Yara International ASA, a leading crop nutrition and ammonia company, has announced that its US subsidiary, Yara North America, Inc., has reached an agreement to acquire Gulf Coast Ammonia’s (GCA) ammonia production facility in Texas City, Texas from GCA Holdings LLC, affiliated with Lotus Infrastructure Partners and MB Energy for a consideration of US$1.3 billion. Yara will utilize its midstream ammonia platform to supply both external customers, and its own internal sourcing needs. The acquisition includes the ammonia synthesis loop and related ammonia storage and exclusive use of loading infrastructure. Hydrogen and nitrogen supply, along with other utilities, are supplied through a long-term contract with Air Products, which owns and operates the largest hydrogen pipeline network in the United States.

Latham & Watkins LLP represented Yara on the transaction with a corporate deal team led by Houston partner Lauren Anderson, New York counsel Alyssa Galinsky, and New York Partner Paul Kukish. Advice was also provided on corporate matters by associates Steph Ference and Catherine Lynch.