Cruzeiro do Sul Educacional to Seek Mergers and Acquisitions
Cruzeiro do Sul Educacional S.A. will look for mergers and acquisitions. Cruzeiro do Sul Educacional S.A. plans to raise between BRL 1.20 billion (€271.11 million, $312.71 million) and BRL 1.50 billion in its IPO that is set for the end of 2020. An IPO request was submitted to the securities and exchange commission CVM on 7 October 2020. Those funds correspond to a primary offer and will be used for mergers, acquisitions and to promote organic growth. The group will also conduct a secondary offer.