SAO PAULO, July 17 (Reuters) - Brazilian fuel retailer
Vibra began talks with Brazilian conglomerate Cosan ( CSAN )
to buy Cosan's ( CSAN ) lubricants arm, Moove, local news
outlet Brazil Journal reported on Thursday, citing sources
familiar with the matter.
The talks were sparked as a minority shareholder,
European private equity firm CVC Capital Partners,
expressed interest in selling its stake, Brazil Journal said,
adding that Vibra has also shown interest in buying 100% of the
company.
However talks stalled, it added, saying that according
to a source, controlling shareholder and chairman Rubens Ometto
has no interest in selling his stake.
Last year, Cosan ( CSAN ) scrapped a planned initial public
offering (IPO) for Moove in the United States.
Cosan ( CSAN ), Vibra, CVC and Moove did not immediately respond
to requests for comment outside normal business hours.