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Argentine Company Mercado Libre Passes Vale to Become Latin America’s Most Valuable

RIO DE JANEIRO, BRAZIL - Last Thursday , August 6th, the Argentine e-commerce company Mercado Libre overtook the Brazilian mining company Vale (VALE3) and became the most valuable in Latin America.

At the end of the last trading session, Mercado Libre was valued at US$60.6 billion, against US$59.3 billion for Vale, according to data from Economatica consultancy. In third position came Petrobras (PETR3; PETR4), worth US$57.5 billion.

The Argentine company, which was listed on the US NASDAQ exchange, was one of the big winners in Q2, with its shares appreciating 101.8 percent between April . . .

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