Form 6-K

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 October, 2005

 


 

CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA

FINANCIERA Y AGROPECUARIA

(Exact name of Registrant as specified in its charter)

 

CRESUD INC.

(Translation of registrant’s name into English)

 


 

Republic of Argentina

(Jurisdiction of incorporation or organization)

 

Moreno 877, 23rd Floor, (C1091AAQ)

Buenos Aires, Argentina

(Address of principal executive offices)

 


 

Form 20-F      T            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      T    

 



CRESUD S.A.C.I.F. and A

(THE “COMPANY”)

 

REPORT ON FORM 6-K

 

By letter dated October, 2005, the Company informs that its Board of Directors has decided to analyze the possibility of realizing an agricultural investment in Brazil through a specific legal vehicle.

 

This eventual exposure to the Brazilian market does not modify the priorities that the Company has on the present and future investments in the Republic of Argentina.

 

The choice of Brazil as destiny of eventual investments was made taking into account especial characteristics of the market that set forth a good framework to apply the Company broad experience.

 

In this regard, we will inform about the approval of the project and the developing of more news in the future.


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.

 

CRESUD SOCIEDAD ANONIMA COMERCIAL INMOBILIARIA FINANCIERA Y AGROPECUARIA
By:  

/S/ Saúl Zang


Name:   Saúl Zang
Title:   Vice Chairman of the Board of Directors

 

Dated: October 28, 2005