SAO PAULO, Oct 9 (Reuters) - Brazil's Moove Lubricants,

a unit of Brazilian conglomerate Cosan ( CSAN ), halted its

U.S. initial public offering (IPO), local newspaper Valor

Economico reported on Wednesday, citing sources.

The company, backed by European private equity firm CVC

Capital Partners,

launched the IPO

earlier this month looking for a valuation of up to $1.94

billion.

Moove declined to comment.

The IPO would have been the first for a Brazilian

company since 2021.