Latin Trade's deals of the year.

Position:INDUSTRY REPORT
 
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LATIN AMERICA'S total mergers and acquisitions were $157 billion fast year, a 26.5 percent decline from 2010, according to Thomson Reuters.

The top deal was the $7.7 billion initial public offering (IPO) of Mexico-based Minera Frisco, a company owned by Mexican mogul Carlos Slim. Other major deals of the year included the $6.5 billion merger of America Movil with Telmex (both controlled by Slim) and Brasil Telecom's $5.8 billion acquisition of the remaining shares of Tele Norte Leste SA.

After analyzing all major deals in Latin America last year, the editorial staff of Latin Trade selected three that stood out:

* Colombia-based Grupo Sura's $3.8 billion acquisition of ING's insurance and...

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