Petrobras Boasts Highest Market Value in Latin America

A study carried out by the Economatica consultancy firm ranked Petrobras as the company with the highest market value in Latin America.

According to the study, the company is the leader among the 25 publicly held corporations with the highest value in the continent. As compared to the 25 biggest American corporations, Petrobras holds the fifth place.

Petrobras' market value surged 125.3% in 12 months, topping-out at $242.7 billion in late 2007.

Also according to the consultancy's study, the Cia Vale do Rio Doce ranks second, surpassing Mexican outfit America Movil, which holds the third place. Among the 25 companies the study listed, 13 are Brazilian.