SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of July, 2017
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)
Moreno
877
(C1091AAQ)
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 o No
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
Bolsa de Comercio de Buenos
Aires on July 21, 2017.
By letter dated July 21, 2017, the company reported
that
it
has
subscribed a purchase and sale agreement with an unrelated third
party of "La Esmeralda " farm which has 9,352 hectares of
agricultural/cattle activity located in the Department of Nueve de
Julio, Province of Santa Fe, Argentina.
The total amount of the operation was set at USD 19 million (USD /
ha 2,031), of which USD 4 million have been paid. Of the remaining
balance of USD 15 million, USD 3 million will be collected along
with the deed and possession in June 2018 and the rest secured with
a mortgage on the property, in 4 installments of the same amount
ending in April 2022 that will accrue a 4% per annum on
balances.
This farm was valued in books at approximately ARS 19.5 million.
The accounting result will be recorded in the fourth quarter of
fiscal year 2018.