Fras-le S.A. (BOVESPA:FRAS3) is looking for M&A. Company Representative said during the earnings of Second Quarter 2023, "We can't tell you anything if it's going to be more or less, but if we see positive signs, this is affected by the whole company. We have to be more and more productive. And in terms of M&A, yes, we have been working in all the quarters.

We cannot be transparent because we're not ready to announce anything, but we're looking at M&A, where we continue to look at Europe, Also, we're looking at Asia. We have some stories in Brazil and also in Latin America in terms of M&As".