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Brazil's Vibra started talks to buy Cosan's lubricants arm, media reports
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Brazil's Vibra started talks to buy Cosan's lubricants arm, media reports
Jul 17, 2025 3:54 PM

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.

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