Port and operations are to be offloaded to Terminal Investment Holding Limited, while Dole will continue to utilise the facility post-sale
Dole has today (15 December) announced that certain of its subsidiaries have entered into several agreements that will result in the sale of its port and port operations in Guayaquil, Ecuador.
When completed, the deal will see the operations sold to Terminal Investment Limited Holding.
Dole noted that, post completion, it will continue to utilise the port to provide terminal services, including the loading and discharging of containers.
The sale is subject to regulatory clearance in Ecuador, the fresh produce group confirmed.
”The estimated net proceeds from the sale will be approximately US$75mn in cash, after costs and customary transaction completion adjustments,” it stated.
