SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM 6-K
REPORT
OF FOREIGN ISSUER
PURSUANT
TO RULE 13a-16 OR 15b-16 OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the month of June, 2018
IRSA
Inversiones y Representaciones Sociedad
Anónima
(Exact name of
Registrant as specified in its charter)
IRSA
Investments and Representations Inc.
(Translation of
registrant´s name into English)
Republic
of Argentina
(Jurisdiction of
incorporation or organization)
Bolívar
108
(C1066AAB)
Buenos
Aires, Argentina
(Address
of principal executive offices)
Form 20-F ⌧ Form 40-F ☐
Indicate by check
mark whether the registrant by furnishing the information contained
in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes ☐ No
⌧
IRSA
INVERSIONES Y REPRESENTACIONES SOCIEDAD
ANÓNIMA
(THE
“COMPANY”)
REPORT
ON FORM 6-K
Attached is the
English translation of the summary of the letter dated June 21,
2018, filed by the Company with the Bolsa de Comercio de Buenos Aires
and the Comisión Nacional de
Valores.
By
letter dated June 21, 2018,IRSA Inversiones y Representaciones Sociedad
Anónima ("IRSA" or the "Company") has released a material
fact, in relation to the sale of Discount Investment Corporation Ltd. ("DIC"), controlled 76.6% by IRSA
, of part of its stake in Shufersal Ltd. In this regard, it is reported that on June 20 of
the current year, DIC has
sold to institutional investors a 16.56% stake of Shufersal
Ltd. stock capital for an amount of NIS 853.7 million
(NIS / share 21.83).
Upon the completion of the sale, DIC stake in
Shufersal Ltd. will be reduced from 50.1% to approximately 33.6% of
its capital stock and DIC will cease to control Shufersal
Ltd. As a result, DIC will discontinue the
consolidation of Shufersal's financial statements in its financial
statements.
The
accounting profit of this operation and the revaluation at fair
value of the remaining stake in Shufersal Ltd. amounts to ARS
8,500 million and will be recognized in IRSA´s financial
statements of the fourth quarter of fiscal year 2018.
SIGNATURES
Pursuant to the
requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized, in the city of
Buenos Aires, Argentina.
|
IRSA
Inversiones y Representaciones Sociedad
Anónima
|
|
|
|
|
By:
|
/S/ Saúl
Zang
|
|
|
Name: Saúl
Zang
|
|
|
Title: Responsible
of relationship with the markets
|
Dated: June 21,
2018