EX-8.1 6 irsa_ex81.htm LIST OF SUBSIDIARIES

EXHIBIT 8.1

LIST OF SUBSIDIARIES

The following table lists our subsidiaries and their jurisdiction of incorporation as of June 30, 2021:

Name of the entity |  | Country |  | Main activity |  | Stake at 06.30.2021 |
IRSA's direct interest: |  |  |  |  |  |  |
IRSA CP (1) |  | Argentina |  | Real estate |  | 79.92% |
E-Commerce Latina S.A. |  | Argentina |  | Investment |  | 100.00% |
Efanur S.A. |  | Uruguay |  | Investment |  | 100.00% |
Hoteles Argentinos S.A.U. |  | Argentina |  | Hotel |  | 100.00% |
Inversora Bolívar S.A. |  | Argentina |  | Investment |  | 100.00% |
Llao Llao Resorts S.A. (2) |  | Argentina |  | Hotel |  | 50.00% |
Nuevas Fronteras S.A. |  | Argentina |  | Hotel |  | 76.34% |
Palermo Invest S.A. |  | Argentina |  | Investment |  | 100.00% |
Ritelco S.A. |  | Uruguay |  | Investment |  | 100.00% |
Tyrus S.A. |  | Uruguay |  | Investment |  | 100.00% |
U.T. IRSA y Galerias Pacifico (2) |  | Argentina |  | Investment |  | 50.00% |
IRSA CP's direct interest: |  |  |  |  |  |  |
Arcos del Gourmet S.A. |  | Argentina |  | Real estate |  | 90.00% |
Emprendimiento Recoleta S.A. |  | Argentina |  | Real estate |  | 53.68% |
Fibesa S.A. (3) |  | Argentina |  | Real estate |  | 100.00% |
Panamerican Mall S.A. |  | Argentina |  | Real estate |  | 80.00% |
Shopping Neuquén S.A. |  | Argentina |  | Real estate |  | 99.95% |
Torodur S.A. |  | Uruguay |  | Investment |  | 100.00% |
EHSA |  | Argentina |  | Investment |  | 70.00% |
Centro de Entretenimiento La Plata |  | Argentina |  | Real estate |  | 100.00% |
Pareto S.A. |  | Argentina |  | Design and software development |  | 93.63% |
Tyrus S.A.'s direct interest: |  |  |  |  |  |  |
DFL and DN BV |  | Bermuda’s / Netherlands |  | Investment |  | 99.50% |
IRSA International LLC |  | USA |  | Investment |  | 100.00% |
Jiwin S.A. |  | Uruguay |  | Investment |  | 100.00% |
Liveck S.A. (5) |  | Uruguay |  | Investment |  | 100.00% |
Real Estate Strategies LLC |  | USA |  | Investment |  | 100.00% |
Efanur S.A.'s direct interest: |  |  |  |  |  |  |
Real Estate Investment Group VII LP (REIG VII) |  | Bermuda’s |  | Investment |  | 100.00% |
DFL's and DN BV's direct interest: |  |  |  |  |  |  |
IDB Development Corporation Ltd. (4) |  | Israel |  | Investment |  | - |
Dolphin IL Investment Ltd. |  | Israel |  | Investment |  | 100.00% |
DIL's direct interest: |  |  |  |  |  |  |
Discount Investment Corporation Ltd. (4) |  | Israel |  | Investment |  | - |
IDBD's direct interest: |  |  |  |  |  |  |
IDB Tourism (2009) Ltd. (4) |  | Israel |  | Tourism services |  | - |
IDB Group Investment Inc (4) |  | Israel |  | Investment |  | - |
DIC's direct interest: |  |  |  |  |  |  |
Property & Building Corporation Ltd. (4) |  | Israel |  | Real estate |  | - |
Cellcom Israel Ltd. (4) |  | Israel |  | Telecommunications |  | - |
Elron Electronic Industries Ltd. (4) |  | Israel |  | Investment |  | - |
Bartan Holdings and Investments Ltd. (4) |  | Israel |  | Investment |  | - |
Epsilon Investment House Ltd. (4) |  | Israel |  | Investment |  | - |
Mehadrin Ltd. (4) |  | Israel |  | Agricultural |  | - |
PBC's direct interest: |  |  |  |  |  |  |
Gav-Yam Bayside Land Corporation Ltd. (4) |  | Israel |  | Real estate |  | - |
Ispro The Israeli Properties Rental Corporation Ltd. (4) |  | Israel |  | Real estate |  | - |
Matam - Scientific Industries Center Haifa Ltd. (4) |  | Israel |  | Real estate |  | - |
Hadarim Properties Ltd. (4) |  | Israel |  | Real estate |  | - |
Property & Building (Commercial Centers) Ltd. (4) |  | Israel |  | Real estate |  | - |
PBC USA Investments Inc (4) |  | USA |  | Real estate |  | - |

(1) | Includes interest held through E-Commerce Latina S.A. and Tyrus S.A.
(2) | The Group has consolidated the investment in Llao Llao Resorts S.A. and UT IRSA and Galerías Pacífico considering its equity interest and a shareholder agreement that confers it majority of votes in the decision-making process.
(3) | Includes interest held through Ritelco S.A. and Torodur S.A.
(4) | Control was lost in September 2020. See Note 4.E.
(5) | Includes Tyrus’ and IRSA S.A.’s equity interests.