Cosan (CSAN) has released an update.
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Cosan S.A., a Brazilian conglomerate, has announced the postponement of the initial public offering (IPO) for its subsidiary, Moove Lubricants Holdings, citing unfavorable market conditions. The company had previously communicated about this potential IPO in July and October of 2024 but has now decided to delay the offering. Cosan assured that it will continue to inform its shareholders and the market about any future developments regarding this decision.
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