CVC prepares to make acquisitions

São Paulo-To the CVC group, growth is just at the beginning. After proposing the payment of minimum dividend of 25% of the net profit of 2016 to be able to develop their plans for mergers and acquisitions, the company exposes its goals, which include Exchange, corporate and international exploitation.
Asked about merger and acquisition plans (M&A, the acronym in English) during telefonferência with investors, the administrative and financial Vice President of investor relations, Luiz Fernando Fogaça, does not rule out exploring segments in which are already present to be among the market leaders. "We just did the acquisition overseas courses (the Experiment), but our goal is always to be in the first positions", says the Executive adding that a M&A operation in overseas courses can be intended to achieve the goal.
It also clarifies that after a year and a half of successful operations with the RexturAdvance, the company intends to increase its presence in corporate travel, but does not say whether this could be a M&A operation or just a greater capture of synergy with the RexturAdvance. In addition, he adds that some concerns of the company are in premium segment of tourism/leisure, mainly in São Paulo and, in the long term, explore the market of Latin America. "It''s something in the long run because it''s a different kind of consumer," he concludes.
In the fourth quarter of 2016, the adjusted net income of the Group was R$, up 1.8% 72,300,000, about a year before. In 12 months, the CVC reached R$, up 10.3% 209,200,000, whereas RexturAdvance''s operations and Submarine trips. If considered just the CVC, the high was 2.8%.