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Market Has No Space for IPO in Moove, nor Do We Think of Selling Participation, Says CEO of Cosan

Summary by Globo
The president of Cosan, Marcelo Martins, said, on Monday (17), that the market has no room for an initial public offer (IPO) of Moove, producer and distributor of lubricant oils of the group, and that the asset is not among those offered in the draft of the effort to reduce and simplify the debt of the holding.

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The president of Cosan, Marcelo Martins, said, on Monday (17), that the market has no room for an initial public offer (IPO) of Moove, producer and distributor of lubricant oils of the group, and that the asset is not among those offered in the draft of the effort to reduce and simplify the debt of the holding.

·Rio de Janeiro, Brazil
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Globo broke the news in Rio de Janeiro, Brazil on Monday, August 17, 2026.
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