Cruzeiro do Sul Educacional S.A. (BOVESPA:CSED3) is looking for acquisitions. Fabio Fossen, Chief Executive Officer said, "we're actively looking all of the opportunities for M&A that may occur. So we've been participating on bids, there's a lot of coming to the table and then leaving without becoming -- or moving forward as a choice from the seller, but we're prepared, waiting, and we have cash.

We have the balance to make acquisitions and mergers as well. So anything that would add to our shareholders that would create value to shareholders and students is part of my work focus 24 hours a day here at Cruzeiro do Sul. So whenever opportunities come up and there are opportunities that will add to us both for shareholders and benefiting students, this is very important for us.

And we have to find that in acquisitions or maybe consolidations or mergers as you asked, we need to seek deals that make sense for the company's long-term mission, which is to serve the students and increase the level of their learning throughout the way".