abc_ex81.htm

EX-8.1 3 abc_ex81.htm EX-8.1 abc_ex81.htm

EXHIBIT 8.1

LIST OF SUBSIDIARIES

The following table lists our subsidiaries and their jurisdiction of incorporation as of June 30, 2022:

Agricultural Business

% of ownership interest held by the Group

Name of the entity

Country

Principal activity

06.30.2022

Cresud's direct equity interest in:

Brasilagro-CompanhIa Brasileira de Propriedades Agrícolas (1) (2)

Brazil

Agricultural

39.56%

Futuros y Opciones.Com S.A.

Argentina

Brokerage

50.10%

Helmir S.A.

Uruguay

Investment

100.00%

IRSA Inversiones y Representaciones Sociedad Anónima (2)

Argentina

Real estate

53.94%

Alafox S.A. (3)

Uruguay

Investment

100.00%

Brasilagro's direct equity interest in:

Araucária Ltda.

Brazil

Agricultural

99.99%

Cajueiro Ltda.

Brazil

Agricultural

99.99%

Ceibo Ltda.

Brazil

Agricultural

99.99%

Cremaq Ltda.

Brazil

Agricultural

99.99%

Engenho de Maracajú Ltda.

Brazil

Agricultural

99.99%

Flamboyant Ltda.

Brazil

Agricultural

99.99%

Jaborandi Agrícola Ltda.

Brazil

Agricultural

99.99%

Jaborandi Propriedades Agrícolas S.A.

Brazil

Agricultural

99.99%

Mogno Ltda.

Brazil

Agricultural

99.99%

Palmeiras S.A.

Paraguay

Agricultural

99.99%

Agropecuaria Morotí S.A.

Paraguay

Agricultural

99.99%

Agrifirma S.A.

Brazil

Agricultural

99.99%

Agropecuaria Acres del Sud S.A. (2) (4)

Bolivia

Agricultural

99.99%

Ombú Agropecuaria S.A. (4)

Bolivia

Agricultural

99.99%

Yatay Agropecuaria S.A. (4)

Bolivia

Agricultural

99.99%

Yuchán Agropecuaria S.A. (2) (4)

Bolivia

Agricultural

99.99%

Futuros y Opciones.Com. S.A.'s direct equity interest in:

Amauta Agro S.A. (5)

Argentina

Brokerage

98.57%

FyO Acopio S.A. (5)

Argentina

Warehousing and brokerage

98.57%

FyO Chile SPA

Chile

Brokerage

100.00%

Helmir S.A.'s direct equity interest in:

FyO Holding S.A.

Uruguay

Investment

50.10%

(1)

The Group exercises “de facto control” over Brasilagro as a result of (i) the percentage and concentration of voting rights of the Group, and the absence of other shareholders with significant voting rights, (ii) the absence of a voting agreement among the other shareholders to vote together as a group, and (iii) the record of attendance to Shareholders’ Meetings and the record of votes casted by the other shareholders; the Group’s effective control to direct Brasilagro’s relevant activities has been exercised through its seat in the Board of Directors. See Note 7 for further information regarding to Brasilagro.

(2)

Includes interest indirectly held through Helmir.

(3)

Liquidation companies during the current fiscal year.

(4)

See Note 4 to the consolidated financial statements as of June 30, 2021.

(5)

Includes direct participation of Cresud.

Urban Properties and Investments Business

% of ownership interest held by the Group

Name of the entity

Country

Principal activity

06.30.2022

IRSA's direct equity interest:

E-Commerce Latina S.A.

Argentina

Investment

100.00%

Efanur S.A.

Uruguay

Investment

100.00%

Hoteles Argentinos S.A.U.

Argentina

Hotel

100.00%

Inversora Bolívar S.A.

Argentina

Investment

100.00%

Llao Llao Resorts S.A. (1)

Argentina

Hotel

50.00%

Nuevas Fronteras S.A.

Argentina

Hotel

76.34%

Palermo Invest S.A.

Argentina

Investment

100.00%

Ritelco S.A.

Uruguay

Investment

100.00%

Tyrus S.A.

Uruguay

Investment

100.00%

UT IRSA y Galerías Pacífico S.A. (1)

Argentina

Investment

50.00%

Arcos del Gourmet S.A.

Argentina

Real estate

90.00%

Emprendimiento Recoleta S.A.

Argentina

Real estate

53.68%

Fibesa S.A. (2)

Argentina

Real estate

100.00%

Panamerican Mall S.A.

Argentina

Real estate

80.00%

Shopping Neuquén S.A.

Argentina

Real estate

99.95%

Torodur S.A.

Uruguay

Investment

100.00%

EHSA

Argentina

Investment

70.00%

Centro de Entretenimiento La Plata

Argentina

Real estate

100.00%

We Are APPA S.A. (ex Pareto S.A.)

Argentina

Design and software development

93.63%

Tyrus S.A.'s direct equity interest in:

DFL and DN BV

Bermudas/ Netherlands

Investment

99.50%

IRSA International LLC

United States

Investment

100.00%

Jiwin S.A.

Uruguay

Investment

100.00%

Liveck S.A. (3)

Uruguay

Investment

100.00%

Real Estate Strategies LLC

United States

Investment

100.00%

Efanur S.A.'s direct equity interest in:

Real Estate Investment Group VII LP (REIG VII)

Bermudas

Investment

100.00%

DFL's direct equity interest in:

Dolphin IL Investment Ltd.

Israel

Investment

100.00%

(1)

The Group has consolidated the investment in Llao Llao Resorts S.A. and UT IRSA and Galerías Pacífico considering its equity interest and a shareholder agreement that confers it majority of votes in the decision making process.

(2)

Includes interest held through Ritelco S.A. and Torodur S.A.

(3)

Includes Tyrus’ and IRSA S.A.’s equity interests.

			% of ownership interest held by the Group
Name of the entity	Country	Principal activity	06.30.2022
Cresud's direct equity interest in:
Brasilagro-CompanhIa Brasileira de Propriedades Agrícolas (1) (2)	Brazil	Agricultural	39.56%
Futuros y Opciones.Com S.A.	Argentina	Brokerage	50.10%
Helmir S.A.	Uruguay	Investment	100.00%
IRSA Inversiones y Representaciones Sociedad Anónima (2)	Argentina	Real estate	53.94%
Alafox S.A. (3)	Uruguay	Investment	100.00%
Brasilagro's direct equity interest in:
Araucária Ltda.	Brazil	Agricultural	99.99%
Cajueiro Ltda.	Brazil	Agricultural	99.99%
Ceibo Ltda.	Brazil	Agricultural	99.99%
Cremaq Ltda.	Brazil	Agricultural	99.99%
Engenho de Maracajú Ltda.	Brazil	Agricultural	99.99%
Flamboyant Ltda.	Brazil	Agricultural	99.99%
Jaborandi Agrícola Ltda.	Brazil	Agricultural	99.99%
Jaborandi Propriedades Agrícolas S.A.	Brazil	Agricultural	99.99%
Mogno Ltda.	Brazil	Agricultural	99.99%
Palmeiras S.A.	Paraguay	Agricultural	99.99%
Agropecuaria Morotí S.A.	Paraguay	Agricultural	99.99%
Agrifirma S.A.	Brazil	Agricultural	99.99%
Agropecuaria Acres del Sud S.A. (2) (4)	Bolivia	Agricultural	99.99%
Ombú Agropecuaria S.A. (4)	Bolivia	Agricultural	99.99%
Yatay Agropecuaria S.A. (4)	Bolivia	Agricultural	99.99%
Yuchán Agropecuaria S.A. (2) (4)	Bolivia	Agricultural	99.99%
Futuros y Opciones.Com. S.A.'s direct equity interest in:
Amauta Agro S.A. (5)	Argentina	Brokerage	98.57%
FyO Acopio S.A. (5)	Argentina	Warehousing and brokerage	98.57%
FyO Chile SPA	Chile	Brokerage	100.00%
Helmir S.A.'s direct equity interest in:
FyO Holding S.A.	Uruguay	Investment	50.10%

(1)	The Group exercises “de facto control” over Brasilagro as a result of (i) the percentage and concentration of voting rights of the Group, and the absence of other shareholders with significant voting rights, (ii) the absence of a voting agreement among the other shareholders to vote together as a group, and (iii) the record of attendance to Shareholders’ Meetings and the record of votes casted by the other shareholders; the Group’s effective control to direct Brasilagro’s relevant activities has been exercised through its seat in the Board of Directors. See Note 7 for further information regarding to Brasilagro.
(2)	Includes interest indirectly held through Helmir.
(3)	Liquidation companies during the current fiscal year.
(4)	See Note 4 to the consolidated financial statements as of June 30, 2021.
(5)	Includes direct participation of Cresud.

(1)	The Group has consolidated the investment in Llao Llao Resorts S.A. and UT IRSA and Galerías Pacífico considering its equity interest and a shareholder agreement that confers it majority of votes in the decision making process.
(2)	Includes interest held through Ritelco S.A. and Torodur S.A.
(3)	Includes Tyrus’ and IRSA S.A.’s equity interests.