Yduqs and Cruzeiro do Sul provide clarifications after media reports that the companies were on Vitru's radar (Image: Getty Images Pro)
A Yduqs (YDUQ3) and Southern Cross Educational (CSED3) provided clarification after the media circulated that the companies were on the radar of glass (VTRU3), which confirmed the hiring of banks Itau BBA and of the UBS BB to find a potential buyer or a potential partner in a merger transaction.
Yesterday (24), the portal Pipelinedo Economic Valuereported that negotiations for the merger between Vitru and Cruzeiro do Sul were on the table, with advice from BTG Pactual, while Yduqs would also have entered the radar as a potential acquisition.
In statements sent to the market this Wednesday (25), Yduqs and Cruzeiro do Sul pointed out that, to date, there is no commitment made or binding negotiation involving a potential union between the companies.
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“After having carried out the relevant internal investigations and inquiries, its management does not have any additional information that should be disclosed to the market regarding any transaction involving the Company,” said Cruzeiro do Sul.
Yduqs stated that it “constantly evaluates market opportunities with a view to expanding and developing its business and operations. However, there is, to this date, no commitment made or binding negotiation involving a potential corporate transaction between the parties”.