Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (Exact name of Registrant as specified in its charter) (Form 6-K)
June 04, 2021 at 02:39 pm EDT
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Cresud Sociedad Anónima, Comercial, Inmobiliaria,
Financiera y Agropecuaria
(Exact name of Registrant as specified in its charter)
Cresud Inc.
(Translation of registrant´s name into English)
Republic of Argentina
(Jurisdiction of incorporation or organization)
Carlos Della Paolera 261
(C1001ADA)
Buenos Aires, Argentina
(Address of principal executive offices)
Form 20-F ⌧Form 40-F ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes oNo x
CRESUD S.A.C.I.F. and A.
(THE 'COMPANY')
REPORT ON FORM 6-K
Attached is the English translation of the letter filed with the Comision Nacional de Valores and Bolsas y Mercados Argentinos on June 4, 2021.
BUENOS AIRES, ARGENTINA - June 4, 2021 - Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria (the 'Company') (NASDAQ: CRESY),announces today that it has signed a sale agreement with possession of a fraction of 2,440 hectares of its 'San Pedro' farm, which includes 1,950 productive hectares of agricultural activity and its historic property. The farm is located in the Department of Concepción del Uruguay, Entre Ríos province, and was acquired by CRESUD in 2005. After this operation, a remaining surface of approximately 3,580 hectares of the 'San Pedro' farm is still owned by the Company.
The total amount of the operation was set at USD 8.6 million, of which USD 6.5 million have already been collected to date. The remaining balance of approximately USD 2.1 million will be paid in 3 installments: USD 0.8 million will be charged at the time of signing the deed of the fraction corresponding to the historic property of the 'San Pedro' farm, scheduled for July 2021, USD 0,7 million in December 2021 and USD 0.6 million in December 2022.
The accounting result of the operation amounts to approximately ARS 283 million and will be recognized in the fourth quarter of the 2021 fiscal period.
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Cresud S.A.C.I.F. y A. published this content on 04 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 June 2021 18:38:03 UTC.
Cresud SACIF y A is an Argentina-based company engaged mainly in telecommunications sector. Through its subsidiaries, it operates two segments: Agricultural Business and Urban Properties and Investment Business, which is divided into: Operations Center Argentina and Operations Center Israel. Agricultural Business focuses on acquiring, developing and exploiting agricultural properties. It is involved in farming activities, cattle raising, leasing land to third parties and perform agency and agro-industrial services, including a meat packing plant. Operations Center Argentina is engaged in the development, acquisition and operation of shopping malls, offices and hotels, among others, in Argentina, and owns selective investments outside Argentina. Operations Center Israel includes real estate activities in Israel and abroad, supermarket chain management and telecommunications services, both locally, as well as is engaged in the insurance, pension and provident funds, among others.
Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria (Exact name of Registrant as specified in its charter) (Form 6-K)
CRESUD SOCIEDAD ANÓNIMA, COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA 
