Cosan’s Lubricant Unit Moove Files Confidentially for US IPO
- Company said to tap BofA, JPMorgan, Citi for potential listing
- Buyout fund CVC owns 30% stake in Brazil lubricant distributor
Moove produces, sells and distributes lubricants and greases to various industries.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Moove Lubricants Holdings, a unit of Brazil conglomerate Cosan SA, has filed confidentially for an initial public offering.
The company has filed a draft registration statement with the US Securities and Exchange Commission, Cosan said in a Brazil regulatory filing. The amount of shares to be offered and the price range is yet to be determined.