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===Mergers and acquisitions=== Since German reunification, there have been 52,258 mergers or acquisitions deals inbound or outbound in Germany. The most active year in terms of value was 1999 with a total value of 48 billion EUR, twice as much as the runner up which was 2006 with 24 billion EUR (see graphic "M&A in Germany"). Here is a list of the top 10 deals (ranked by value) that include a German company. The Vodafone–Mannesmann deal is still the biggest deal in global history.<ref>{{Cite news|url=https://imaa-institute.org/mergers-acquisitions-germany/|title=Information and Statistics about Mergers & Acquisitions (M&A) Germany|work=IMAA-Institute|access-date=2018-02-22|language=en-US|url-status=live|archive-url=https://web.archive.org/web/20180222225950/https://imaa-institute.org/mergers-acquisitions-germany/|archive-date=22 February 2018}}</ref> {| class="wikitable" !Rank !Date !Acquirer !Acquirer Nation !Target !Target Nation !Value<br>(bil. USD) |- |1 |14 Nov 1999 |Vodafone AirTouch PLC |United Kingdom |Mannesmann AG |Germany |202.79 |- |2 |18 May 2016 |Bayer AG |Germany |Monsanto Co |United States |56.60 |- |3 |6 May 1998 |Daimler-Benz AG |Germany |Chrysler Corp |United States |40.47 |- |4 |16 Aug 2016 |Linde AG |Germany |Praxair Inc |United States |35.16 |- |5 |21 Oct 1999 |Mannesmann AG |Germany |Orange PLC |United Kingdom |32.59 |- |6 |24 Jul 2000 |Deutsche Telekom AG |Germany |VoiceStream Wireless Corp |United States |29.40 |- |7 |17 May 1999 |Rhone-Poulenc SA |France |Hoechst AG |Germany |21.92 |- |8 |23 Mar 2006 |Bayer AG |Germany |Schering AG |Germany |21.40 |- |9 |01 Apr 2001 |Allianz AG |Germany |Dresdner Bank AG |Germany |19.66 |- |10 |30 May 2005 |Unicredito Italiano SpA |Italy |Bayerische Hypo- und Vereins |Germany |18.26 |}
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