Correos in liquidation offers direct sale of properties and auction in Macas

The Public Company Correos del Ecuador CDE E.P., in Liquidation has arranged for the disposal through direct sale of several real estate properties under its ownership and the public auction of a property located in Macas. This decision is contained in resolutions No. CDE-EP-LQ-2026-020-R and CDE-EP-LQ-2026-021-R, signed in Quito on July 9, 2026, by the liquidator Alexandra Estefanía Muñoz Aman and published in the Official Registry No. 409 on Friday, November 13, 2026.

The measure was adopted based on the Administrative Financial Report on the Direct Sale and Auction Process of Real Estate Properties dated July 3, 2026, prepared by Jaime Cuaspud, Marco Díaz, and Marco Cedeño, which concluded that the properties in tables 1 and 2 “have ceased to be useful” for the entity. The report indicates that direct sale is “the most efficient way” to dispose of the assets, avoid equity deterioration, and recover resources for the State.

Direct sale after two failed auctions

Resolution CDE-EP-LQ-2026-020-R orders the disposal via direct sale of the properties detailed in the table inserted within the document itself, after those assets were declared void in two consecutive auction processes. Article 1 of the resolution mandates the disposal; Article 118 of the Substitute General Regulation for the Administration, Utilization, Management, and Control of Assets and Inventories of the Public Sector enables this route when two scheduled auctions fail and the asset has ceased to be useful.

The properties are distributed nationwide, and their disposal must comply with applicable administrative and legal requirements, including obtaining favorable opinions from the Technical Secretariat for Public Sector Real Estate Management (SETEGISP).

The auction of the Macas property

Resolution CDE-EP-LQ-2026-021-R, on the other hand, mandates the disposal via auction of the property in Macas, valued at 212,982.67 dollars. This appraisal is contained in Memorandum No. GMCM-GCC-2026-0172-M dated January 19, 2026, signed by architect Nelson Jofre Espinoza Torres, a Cadastre 2 specialist from the Municipality of Morona.

The process must follow the real estate auction procedure of the regulation, with the publication of three press notices and the scheduling of the proceeding. Only if this auction results in no bidders can a second scheduling be convened and, eventually, direct sale be pursued.

Price, buyers, and responsible parties

• The base disposal price shall be the appraisal from the Municipal Decentralized Autonomous Governments and metropolitan districts, with updated property prices for the area.
• Another updated appraisal may be used if the cadastral one is not up to date, choosing the one most favorable to the company in liquidation.
• Direct sale offers may not be lower than 100% of the appraisal value.
• Charitable entities, legal entities (corporations, foundations, cooperatives, and commercial companies), and natural persons may submit bids.
• The successful bidder must deposit the price difference within ten business days following notification.
• The Sales Board is composed of Alexandra Muñoz Amán as the highest authority, Marco Cedeño for the Financial Unit, Marco Díaz for the Administrative Unit, and María Belén Cabrera Espín as secretary; the latter also serves as secretary of the Auction Board.
• Among the planned enabling documents are the ruling from SETEGISP, the updating of certificates, the payment of quotas, property taxes, and basic services, and the regularization of certain assets.

A liquidation process with extended deadlines

Correos del Ecuador was created by Executive Decree No. 324 on April 14, 2010, and its extinction was ordered by Executive Decree No. 1056 on May 19, 2020, amended by decrees 1096 and 1123. Executive Decree No. 1244 ordered its spin-off and the creation of the Empresa Pública Servicios Postales del Ecuador ECE EP.

The liquidator was appointed by Resolution No. DIR-CDE.EP.L-06-2025 on December 8, 2025. The liquidation period, initially scheduled until June 30, 2026, by Executive Decree No. 267, was extended by 45 days from July 1, 2026, via Decree No. 434 on June 30, 2026. The resources obtained from the disposal will be allocated to the payment of liabilities, in accordance with Article 7 of Resolution CDE-EP-EN LIQUIDACIÓN-2021-005-R.

The auction and direct sale open a concrete opportunity to purchase state real estate assets in provinces and cities where the postal company maintains properties, under minimum price rules anchored to the cadastral appraisal. For interested parties, the calendar now depends on the call from the Sales Board and the publication of auction notices; for the State, the declared objective is to recover liquidity and settle obligations within the entity’s extinction process.

Source: Official Registry No. 409, Friday, November 13, 2026, Section I (official reference: Resolutions No. CDE-EP-LQ-2026-020-R and CDE-EP-LQ-2026-021-R).