Dole sells Guayaquil port operations to Terminal Investment Limited for $75 million

Global fresh produce grower and distributor Dole plc is selling its port and its operations in Guayaquil, Ecuador, to Terminal Investment Limited Holding S.A.

The net proceeds from the operation are estimated at approximately $75 million in cash, after costs and customs adjustments.

Dole will continue to dock at the terminal

Through a press release, the company informed that some of its subsidiaries in the country have entered into agreements which, once completed, will finalize the sale. 

As part of the agreement, the company will continue to use the port for terminal services, including container loading and unloading, once the transaction is closed.

The sale is subject to regulatory approval in Ecuador. 

*Featured image is referential