SAO PAULO, July 17 (Reuters) - Brazilian fuel retailer Vibra (VBBR3.SA) , opens new tab began talks with Brazilian conglomerate Cosan (CSAN3.SA) , opens new tab to buy Cosan's 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 (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.

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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.

https://www.reuters.com/world/americas/brazils-vibra-started-talks-buy-cosans-lubricants-arm-media-reports-2025-07-17/