Mkt Price: USD 11.28
Mkt Cap: USD 560.1 mio
Cresud is a leading Argentine agricultural company engaged in the production of basic agricultural commodities. It also has a growing presence in the Brazilian agricultural sector through its investment in BrasilAgro (AGRO3:BZ). Cresud is currently involved in a range of activities including crop production, beef cattle raising and milk production. The Company’s business model, which it seeks to roll out abroad, taking into account the specific conditions of each country, focuses on the acquisition, development and exploitation of properties having attractive prospects for agricultural production and/or value appreciation and the selective disposition of such properties where appreciation has been realized. Additionally, a majority of Cresud’s current market value is actually represented by the quoted value of its controlling stake in IRSA (IRSA:AR), Argentina’s leading listed real estate company. Cresud’s shares are listed on the Buenos Aires Stock Exchange and its ADSs are listed on NASDAQ.