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. |