Latin M&A picks up after three-year slump

After years of M&A decline in Latin America, the deal market has seen two billion dollar deals in less than a month.

Belgium’s Interbrew is buying control of Brazil’s beermaker Ambev for about $11.5 billion, creating the world’s biggest beer company. And Spain’s Telefonica is to buy BellSouth’s Latin American assets for $5.85 billion, creating the biggest regional cell phone operator.

Those deals came on the heels of Spain’s BBVA’s $4.2 billion February bid to buy the 40.6