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Article: Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria Announces Investment in Bolivia Farmland.
- Article from:
- PR Newswire
- Article date:
- November 20, 2008
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BUENOS AIRES, Argentina, Nov. 20 /PRNewswire-FirstCall/ -- Cresud Sociedad Anonima Comercial, Inmobiliaria, Financiera y Agropecuaria (the "Company") reported today to the Argentine Comision Nacional de Valores and to the Buenos Aires Stock Exchange that it agreed the purchase of approximately 7,600 ha of farmland in Bolivia at USD 17,501,359.99. The company has paid 43% of total amount while the rest remain to be paid in two annual consecutive payments, the first one to be paid during calendar year 2009. These transactions were made according to what was stipulated in the Company plans made public upon the Equity Follow on of last March, regarding international ...
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