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CRESUD SOCIEDAD ANÓNIMA COMERCIAL, INMOBILIARIA, FINANCIERA Y AGROPECUARIA

(CRES)
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Cresud Sociedad Anónima Comercial Inmobiliaria Financiera y Agropecuaria : Material Fact - Loan granted to IFISA

05/20/2021 | 09:54am EDT

The Company reports that its Board of Directors has approved the extension for a period of one year of the loan granted by CRESUD to Inversiones Financieras del Sur S.A. ('IFISA'), a company controlled by Mr. Eduardo Sergio Elsztain, president of the Company, for the amount of 3,235,000 IRSA American Depositary Receipts ('IRSA ADRs'), maintaining the remaining agreed terms and conditions. Cresud kept the economic and political rights related to the IRSA ADRs.

Consulted the Audit Committee in the terms of Chapter III of the Regulations of the National Securities Commission, as well as articles 72 and 110 inc. h) of Section IV of Capital Market Law No. 26,831, and after analysing the feasibility of the transaction, it has issued a favourable opinion.

Disclaimer

Cresud S.A.C.I.F. y A. published this content on 20 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2021 13:53:04 UTC.


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Financials
Sales 2020 121 B 1 260 M 1 260 M
Net income 2020 3 929 M 40,8 M 40,8 M
Net Debt 2020 317 B 3 296 M 3 296 M
P/E ratio 2020 4,02x
Yield 2020 -
Capitalization 65 847 M 683 M 684 M
EV / Sales 2019 3,15x
EV / Sales 2020 2,74x
Nbr of Employees -
Free-Float 68,7%
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Managers and Directors
Alejandro Gustavo Elsztain Second Vice Chairman & Chief Executive Officer
Matías Iván Gaivironsky Chief Financial & Administrative Officer
Eduardo Sergio Elsztain Chairman
Pedro Damaso Labaqui Palacio Independent Director
Alejandro Bartolomé Independent Director