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 November, 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 November 10, 2017.
By letter dated November 10, 2017,
the
company reported that yesterday
it has sold to a non-related third party the amount of 154,929
shares of its controlled company Futuros y Opciones.com SA (FyO)
representative of 9.493% of its share capital for an amount of USD
3.04 million, which were fully collected.
As a result of this sale, the company reduced its stake in FyO from
59.6% to 50.1% of the share capital.
The profit of the operation amounts to approximately ARS 42.6
million, and will be recorded in the company's financial statements
in the second quarter of fiscal year 2018.
FyO was founded in 1999 as an agricultural online Marketplace and
then diversified its business lines. Currently, its main activity
is the commercialization of grains (grain brokerage, stockpiling,
futures and options, consulting, logistics) and the sale of inputs,
both own and third-party products.