Quálitas Controladora, S.A.B. de C.V. (BMV:Q *) will look for M&A. Bernardo Eugenio Risoul Salas, International Chief Executive Officer said, Despite we have the cash, we're looking more in the range of $50 million to $100 million M&A, something that we can still create value that their subset with Qualitas' strength and that will also be something that in the mid- to long term would contribute and be accretive to the ROE target between 20% to 25%. So I think that probably not the 100% clarity you're looking for, but I believe it's important that we keep it open until we have more clarity in specific projects, which we expect to have in the next months.
Qualitas Controladora SAB de CV is a Mexico-based holding company engaged in the insurance sector. The Company focuses on providing automobile insurance products. It offers insurance policies to car fleet owners, financial institutions and individual customers through four segments: Written premiums, Ceded premium, Unearned premiums reserve and Earned retained premiums. The Company is present in Mexico, the United States, El Salvador and Costa Rica. The Company operates through a number of subsidiaries, including Qualitas Compania de Seguros SAB de CV, Qualitas Financial Services Inc, Easy Car Glass SA de CV, Activos JAL and CristaFacil SA de CV, among others.