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 February, 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
By letter dated February 8, 2017 the Company reports that its
subsidiary Brasilagro, controlled by the Society, communicated to
the market that it has entered into a Purchase and Sale Agreement
and Agricultural Partnership for a property located in the
municipality of São Raimundo das Mangabeiras, in the state of
Maranhão – Brazil.
The
Purchase and Sale Agreement consists in the acquisition of 17,566
hectares, 10,000 hectares of which are arable, have already been
develop and will be cultivated with grains. The other 7,566
hectares are permanent preservation and legal reserve areas. The
acquisition price is R$100.0 million (R$10,000/ha arable), which
will be fully paid when the sellers meet certain conditions
precedent.
The
Agricultural Partnership consists of 15,000 hectares of arable and
developed land, already planted mostly with sugarcane. The
Agricultural Partnership has a term of 15 years, renewable for
another 15 years.