Cosan (CSAN) said in a regulatory filing Thursday that it will not proceed with the initial public offering of shares of its subsidiary, Moove Lubricants Holdings, due to "adverse" market conditions.
Moove, with CVC Capital Partners among its investors, planned an IPO for a listing on the New York Stock Exchange.
Price: 8.90, Change: +0.04, Percent Change: +0.45
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