cresud
0 %

History

1936
Foundation

Cresud foundation 

1960
BASE

• Listed on Buenos Aires Stock Exchange (BASE).

1994
LA ADELA - LUJÁN

• Mr. Eduardo Elsztain Appointed Chairman & Mr. Alejandro Elsztain CEO

• The first fields are purchased in Argentina. 20,000 ha (Moroti/Santa Rita, Los Maizales, San Enrique, La Adela, El Bañadito y Siete Arboles).

1995/1996
LOS POZOS

 • El Coro, El Meridiano y La Juanita fields are purchased.

• Fields purchased in Argentina (Los Pozos, El Recreo, Tali Sumaj, Runciman, El Silencio y El Gualicho).

1997/1998
LA SUIZA - LA ESMERALDA - AGRORIEGO

• Listing on Nasdaq (first listed argentine agricultural company).

• USD 92 million capital increase.

• Purchases (La Suiza, Tapenagá, Tourné, La Esmeralda, Agroriego San Luis, La Sofía and Ñacurutú).

• Fields purchased (La Sofía, San Luis, San Nicolas and Las Playas, and feed lot Cactus).

• Association with Cactus Feeders.

• Sale of Moroti / Santa Rita.

• Sale of Siete Arboles.

1999/2000

• Futuros y Opciones (FyO) is born. Cresud acquires majority stake.

• Sales of El Meridiano and Runciman.

• First case of Cresud in Harvard.

2001

• Purchase of 14.9% stake in IRSA.

• Sales of Tourné and El Bañadito.

2002

• Sales of El Coro, El Silencio and La Sofía.

2003/2004

• Sale of 41-42, San Luis and Los Maizales.

• Purchase of El Tigre

• Stake increase in IRSA reaching 22.9%.

2005
EL INVIERNO

• Purchase of El Invierno.

• Sales of Ñacurutú and San Enrique.

2006
SAN PEDRO
  • Purchase of San Pedro field in Argentina.
  • Sale of “El Gualicho”.
  • Brasilagro is born. IPO USD 276 million.
  • Inicial stake of CRESUD in Brasilagro: 7.3%.
  • Purchase of fields in Brazil (Cremaq and Sao Pedro).
2007
PURCHASE 8 DE JULIO

• Association with Tyson Foods and participation in Carnes Pampeanas. 

• Purchases in Brazil (Jatobá, Nova Burriti, Engehno, Chaparral, Alto Tacuarí and Araucaria).

 

 

2008
LA ESPERANZA

• Purchase of La Esperanza field in Argentina.

• Partial sales of Los Pozos, El Recreo and La Esmeralda.

• USD 288 million capital increase for expansion to Bolivia and Paraguay.

• Purchase of Preferencia in Brazil and sale of Engehno.

2009

• Purchase of Puertas de Lujan and Estancia Carmen in Argentina.

• Accounting consolidation of IRSA.

• Cresud increases its stake in Brasilagro to 22.9% and in IRSA to 50.2%.

• Purchase of fields in Bolivia (Las Londras, San Cayetano, San Rafael and Fon Fon).

• Purchase of Jerovia in Paraguay.

2010

• Sale of Tali Sumaj in Argentina.

• Purchase of Horizontina in Brazil.

 

2011
LA PRIMAVERA

• Purchase of La Primavera and Cuatro Vientos.

• Tyson begins to withdraw from the refrigeration business in Argentina.

• Cresud increases its stake in Carnes Pampeanas to 80%.

• Sale of La Juanita in Argentina. Stake increase in Brasilagro to 35.6%.

• Sale of Sao Pedro in Brazil.

• Partial sale of Fon Fon in Bolivia.

• 2nd Cresud case in Harvard.

2012

• Brasilagro listed on NYSE (Ticker: LND).

• Sale of Puertas de Lujan in Argentina.

• Cresud increases its stake in IRSA to 64.5%.

• Sale of Horizontina in Brazil.

2013

• Partial sale of La Suiza in Argentina.

• Partial sale of Cremaq and Araucaria in Brazil.

2014

• Sale of stake in Cresca to Brasilagro.

• Partial sale of Araucaria in Brasil.

• Sale of San Cayetano in Bolivia.

2015

• Sale of La Adela in Argentina.

• Sale of Fon Fon in Bolivia.

• Partial sale of Paraguay by Brasilagro and sale of Cremaq in Brazil.

• 3rd case of Cresud in Harvard.

2016

• FyO sells its Internet portal and Agrofy is born as the leading online agro platform.

• Initial stake of Cresud: 45%.

2017

• Sale of El Invierno and La Esperanza in Argentina.

• Purchase of Sao Jose in Brazil.

• Partial sales of Araucaria and Jatobá in Brazil.

• Sale of Cuatro Vientos in Bolivia.

2018/2019

• Sale of La Esmeralda and a fraction of La Suiza in Argentina.

• Araucaria, Jatobá and Alto Taquarí partial sales in Brazil (Brasilagro).

 

2020

• Merger agreement between BrasilAgro and Agrifirma, adding 28,930 hectares through Rio do Meio and Arrojadinho farms.

• COVID19: Normal agricultural operations as considered essential activity