Latin American e-Commerce Giant MercadoLibre Not Currently an Acquisition Target: CEO

The Argentine firm is doubling its footprint in Brazil, its largest market, and in the July-September quarter surpassed US$1 (R$5.4) billion in overall revenue for the first time, driven by an ecommerce explosion in the region.

10RIO DE JANEIRO, BRAZIL - Buenos Aires-based MercadoLibre, Latin America's largest ecommerce company which has experienced dramatic growth due to COVID-19 lockdowns, is not being pursued by global rivals as an acquisition target, its chief executive told Reuters.

“It hasn’t happened so far and I don’t expect that to happen in the short term,” Marcos Galperin said in an interview, in response to speculation of pursuit from U.S . . .

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