- MercadoLibre Inc (NASDAQ:MELI) has acquired Redelcom, a Chilean company operating since 2010 as a payment services provider, for an undisclosed sum. In October 2019, Redelcom began offering point-of-sale (POS) terminals with the latest technology to retailers.
- Through the deal, Mercadolibre seeks to consolidate its value proposition in Chile and enhance the growth of its multiple payment tools and digital financial solutions.
- Redelcom will join the Mercado Libre and Mercado Pago ecosystem.
- MercadoLibre expects Redelcom to further strengthen its operation in Chile in the payment methods sector.
- MercadoLibre held $1.42 billion in cash and equivalents as of September 30, 2021.
- Price Action: MELI shares closed higher by 3.10% at $1,180 on Tuesday.
Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.
All news is property of their respective owners.
