Since the fall of communism, Austrian companies have been quite active players and consolidators in Eastern Europe. Between 1995 and 2010, 4,868 mergers and acquisitions with a total known value of 163 bil. EUR with the involvement of Austrian firms have been announced. The largest transactions with involvement of Austrian companies have been: the acquisition of Bank Austria by Bayerische Hypo- und Vereinsbank for 7.8 billion EUR in 2000, the acquisition of Porsche Holding Salzburg by Volkswagen Group for 3.6 billion EUR in 2009, and the acquisition of Banca Comercială Română by Erste Group for 3.7 bil. EUR in 2005.