EX-99.2 3 listofsubsidiariesexhibit.htm ADDITIONAL EXHIBITS listofsubsidiariesexhibit
 
 
LIST OF SUBSIDIARIES
 
The following table lists our subsidiaries and their jurisdiction of incorporation as of December 31, 2020:
 
 
 
 
 
% of ownership interest held by the Group
 
Name of the entity
Country
Main activity
 
As of December 31, 2020
 
IRSA’s direct interest:
 
 
 
 
 
IRSA CP(1) 
Argentina
Real estate
  79.92%
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.(2) 
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%
U.T. IRSA y Galerías Pacifico(2) 
Argentina
Investment
  50.00%
IRSA CP’s direct interest:
 
 
    
Arcos del Gourmet S.A. 
Argentina
Real estate
  90.00%
Emprendimiento Recoleta S.A. 
Argentina
Real estate
  53.68%
Fibesa S.A.(3) 
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%
Pareto S.A. 
Argentina
design and software development
  91.96%
Tyrus S.A.’s direct interest:
 
 
    
DFL and DN BV 
Bermuda’s / Netherlands
Investment
  97.04%
I Madison LLC 
USA
Investment
  — 
IRSA Development LP 
USA
Investment
  — 
IRSA International LLC 
USA
Investment
  100.00%
Jiwin S.A. 
Uruguay
Investment
  100.00%
Liveck S.A. 
Uruguay
Investment
  100.00%
Real Estate Investment Group V LP (REIG V)
Bermuda’s
Investment
  — 
Real Estate Strategies LLC 
USA
Investment
  100.00%
Efanur S.A.’s direct interest:
 
 
    
Real Estate Investment Group VII LP (REIG VII)
Bermuda’s
Investment
  100.00%
 
(1) 
Includes interest held through E-Commerce Latina S.A. and Tyrus S.A..
(2) 
The Company 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.
(3) 
Includes interest held through Ritelco S.A. and Torodur S.A.