Dole (NYSE: DOLE) plans $75.0 million sale of Ecuadorian port business, 2026 closing
Rhea-AI Filing Summary
Dole plc has entered into sales and purchase agreements to sell 100% of the membership interests in its port properties and associated operations in Guayaquil, Ecuador to Terminal Investment Limited Holding S.A. Net cash proceeds from this Ecuadorian Port Business transaction are expected to be approximately $75.0 million after costs and customary completion adjustments.
The deal is subject to regulatory approvals under the laws of Ecuador and is expected to close in 2026. After closing, Dole expects to continue using the Guayaquil facilities under an arm’s length terminal services agreement with the buyer, covering loading and discharging of containers. Dole also points to various risks around timing, potential termination, operational disruption and legal proceedings that could cause actual outcomes to differ from these expectations.
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Insights
Dole plans to realize $75.0 million from selling its Ecuadorian port business while retaining access via a services agreement.
Dole plc has agreed to sell 100% of the membership interests in its Ecuadorian Port Business in Guayaquil to Terminal Investment Limited Holding S.A., with net cash proceeds expected to be approximately
The agreements include customary representations, warranties, covenants and indemnities, and completion is conditioned on satisfying regulatory requirements under the laws of Ecuador. The transaction is expected to close in
Dole expects to keep using the Guayaquil facilities after closing through an arm’s length terminal services agreement covering container loading and discharging. The forward-looking section highlights possible risks, including delays or failure to close, potential termination of the definitive agreement, management distraction, effects on customer relationships and operating results, and any legal proceedings related to the transaction. These factors mean the financial and operational impact will ultimately depend on successful closing and post-transaction execution.
FAQ
What transaction did Dole (DOLE) enter into regarding its Ecuadorian port business?
Dole plc subsidiaries entered into a series of sales and purchase agreements to sell 100% of the membership interests in the companys port properties and associated operations in Guayaquil, Ecuador (the Ecuadorian Port Business) to Terminal Investment Limited Holding S.A..
How much cash does Dole (DOLE) expect from the Ecuadorian port sale?
Dole expects net cash proceeds from the transaction to be approximately $75.0 million after costs and customary transaction completion adjustments.
When is Doles Ecuadorian port transaction expected to close?
The transaction is expected to close in 2026, subject to satisfaction of regulatory approvals and other conditions under the laws of Ecuador.
Who is buying Doles Ecuadorian Port Business in Guayaquil?
The buyer is Terminal Investment Limited Holding S.A., a corporation organized under the laws of Luxembourg.
Will Dole (DOLE) continue to use the Guayaquil port after the sale?
Yes. After closing, Dole is expected to continue utilizing the Ecuadorian Port Business under an agreement with the buyer to provide terminal services on arms length terms, including loading and discharging of containers.
What are the key risks Dole highlights around the Ecuadorian port transaction?
Dole notes risks such as failure to satisfy closing conditions under Ecuadorian law, uncertainties in timing, events that could lead to termination of the definitive agreement, disruption of managements attention, possible effects on customer relationships and operating results, potential legal proceedings related to the transaction, and broader legislative, regulatory and economic developments.
When did Dole (DOLE) sign the agreements for the Ecuadorian port transaction?
Certain subsidiaries of Dole plc entered into the sales and purchase agreements for the transaction on December 13, 2025.
