Brazil's Vibra started talks to buy Cosan's lubricants arm, media reports
The talks were sparked as a minority shareholder, European private equity firm CVC Capital Partners (CVC.AS), opens new tab, 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 scrapped a planned initial public offering (IPO) for Moove in the United States.
Cosan, Vibra, CVC and Moove did not immediately respond to requests for comment outside normal business hours.
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