Oil & Gas
CVC-backed Moove Lubricants targets up to $1.9 bln assessment in United States IPO
Brazil's Moove Lubricants, backed by European personal equity firm CVC Capital Partners, set a target of as much as $1.94 billion evaluation on Tuesday for its U.S. going public. Foreign companies often eye U.S. listings wishing for greater evaluations and more liquidity than regional markets. Moove and some existing shareholders are looking for as much as $ 437.5 million by providing 25 million shares priced in between $ 14.50 and $17.50 each. The Sao Paulo-based business, a system of Brazilian corporation Cosan SA, is offering 6.25 million shares while other stockholders are installing 18.75 million shares for sale. Cosan will...