MercadoLibre has no acquisition plans

12 Aug 2014

To all of those who know Latin America’s ecommerce platform MercadoLibre, this announcement may sound as a surprise.

In a conference call with investors, the company’s chief financial officer Pedro Arnt said Mercado has no new acquisition plans in the pipeline.

The statement follows a series of acquisitions the Latin America major completed just a few months ago. Those include two real estat

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Léo Siqueira

Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.