Fleury S.A. (BOVESPA:FLRY3) is looking for acquisitions. Jose de Almeida Filippo, Financial Investor Director said during the Earnings Call for the First Quarter of 2024, "we continue to be active in managing the pipeline. The M&A area has been working consistently.

And with the recent acquisition in Santa Catarina, we had an opportunity, an alignment between the price to pay and we've been seeing a situation in the market, M&A operations have gone down. And the price of some assets did not go down. So that's why it's difficult to negotiate.

We have been seeing some possibilities, the operation in Santa Catarina is reflecting that, and we're going to continue working on finding these opportunities. So there are economic and financial aspects. And there are cultural aspects as well.

Integration is just as important as acquisitions. So we're working in a model in which after an acquisition has been made, we need to integrate the company, allowing us to have synergy gains, controls from the acquisition. So this is very important.

So with Hermes Pardini, we've been communicating our financial goals. There's a guidance associated to it. But this doesn't prevent us from having other acquisitions.

Obviously, the company has the discipline and is aware of the need to use its resources in these integrations. So as we execute this plan, we're open to other acquisitions. This is how we see it.

But of course, financial discipline is paramount".