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Cresud SACIF y A To Sell Fraction Of La Suiza Field

Thursday, 7 Feb 2013 10:13am EST 

Cresud SACIF y A announced that it has signed an agreement to sell a fraction of the field of "La Suiza" of 5613 hectares devoted to livestock located in Villa Angela, Chaco Province, with a remaining in the establishment of 36,380 hectares of mixed activity. The total amount of the transaction was set at USD 6,735,600, which was paid to the date the sum of USD 2,688,000 and the balance will be paid as follows: the amount of USD 1,023,600 at the time of signing the deed, which will be held in the month of June 2013; the balance of USD 3,024,000, which is secured by a mortgage, will be paid in three equal installments, ending semiannual payment of the last installment on January 31, 2015. 

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