Correos del Ecuador hands over Almagro to ALPRISEG over $132,086 debt

The Public Company Correos del Ecuador CDE EP in Liquidation transferred the property known as Almagro, located in Quito, to the Company Alta Seguridad Privada ALPRISEG CÍA. LTDA. under the figure of dation in payment, thereby extinguishing a qualified debt of $132,086.98. The decision is recorded in Resolution No. CDE-EP-LQ-2026-016-R, signed on May 13, 2026, and published in Official Registry No. 407 on Wednesday, November 11, 2026, page 36.

The measure is supported by Article 59 of the Organic Law of Public Companies, which empowers the liquidator to arrange transactions with creditors and pay debts, and by the entity’s own Internal Regulation for the Delivery of Assets and Application of Dation in Payment, issued via Resolution No. CDE-EP-LQ-2026-015-R, dated May 11, 2026. The published instrument bears the electronic signature of Eng. Elizabeth Sandoval M., temporary certifying officer of the company in liquidation.

Correos del Ecuador has been in the process of liquidation since Executive Decree No. 1056, dated May 19, 2020, which ordered its extinction; the procedure was amended and extended by executive decrees 1244 (2021), 108 (2021), 491 (2022), 778 (2023), 29 (June 2025), and 26 (December 2025), the latter with a deadline until June 30, 2026. The liquidator is Mgtr. Alexandra Estefanía Muñoz Amán, appointed via Resolution No. DIR-CDE.EP.L-06-2025, dated December 8, 2025.

A debt that exceeds the appraisal of the asset

The central figures of the file show a gap between the value of the asset and the obligation being extinguished:

• Commercial value of the Almagro property: $94,950.39.
• Qualified debt in favor of ALPRISEG: $132,086.98.
• Difference between both amounts: $37,136.59 in favor of the creditor, settled with the transfer of the asset.

The technical delivery proposal report, dated April 29, 2026, concluded that the company did not receive any proposal that would allow for the sale of the property and that, since the commercial value was lower than the debt, the dation is beneficial due to the financial factor and the remaining time to close the liquidation. The delivery, according to that document, pays the qualified debt in full and fulfills the purpose of monetizing assets to cover obligations.

The property and its documentary support

The transferred asset is described in the resolution with the following characteristics:

• Name: “ALMAGRO”.
• Composition: a commercial premises, a parking space, and a warehouse.
• Location: Reina Victoria E7 streets and Av. Colón (Cristóbal Colón), city of Quito, province of Pichincha.
• Cadastral key: 1050503001001100000.
• Tax status: no pending values for property tax or special improvement contributions for the year 2026.

The technical report was signed by Eng. Jaime Cuaspud (Professional Services – Assets), Eng. Erick Ávila (Professional Services – General Accountant), Mr. Luis Simbaña (Professional Services – General Treasurer), and Mgs. Marco Cedeño G. (Professional Services – Administrative Financial Coordinator). To this is added Legal Report No. CDE-LIQ-PJ-2026-011, dated May 4, 2026, which warns that the company’s legal personality was less than eight weeks from expiring and that the dation in payment is valid according to the Civil Code and Executive Decree 129, dated September 15, 2025, which regulates the payment of state obligations with real estate through the Technical Secretariat for Public Sector Real Estate Management (SETEGISP).

What the resolution provides

The resolving articles order:

• Art. 1: to alienate and transfer the domain, ownership, and possession of the property in favor of the qualified creditor, ALPRISEG CÍA. LTDA., with RUC No. 1091729381001.
• Art. 2: to formally declare the total or partial extinction of the liquid, determined, and overdue debt.
• Art. 3: to transfer the asset free of liens, lawsuits, mortgages, or prohibitions on alienation.
• Art. 4: to carry out the accounting budget allocation and remove the property from the institutional inventory once the public deed is signed.
• Art. 6: to sign the public deed at the notary office drawn by the Judiciary Council; the draw form was submitted on May 11, 2026.

The resolution is effective from its signing on May 13, 2026, in the Metropolitan District of Quito, and refers supplementarily to the Constitution of the Republic of Ecuador, the Organic Administrative Code, and current regulations.

The publication is important to the creditors of the extinct public company because it establishes the criterion by which the liquidator will close liabilities with real estate assets: delivering assets below their appraisal rather than assuming the cost of keeping them unproductive, in a process that was to conclude on June 30, 2026. Any creditor with outstanding claims is hereby notified that the liquidation is proceeding through dations in payment and not through market sales.

Source: Official Registry No. 407, Wednesday, November 11, 2026, Resolutions section, p. 36 (official reference: Resolution No. CDE-EP-LQ-2026-016-R).