Around the World's Markets: Frankfurt

THE DAX climbed more than 2 per cent as shares in telecoms-to- engineering group Mannesmann rose 8.2 per cent. The lead index closed 142.72 points, or 2.45 per cent, firmer at 5,961.45 points.

Mannesmann, subject to a hostile all-paper takeover bid from Britain's Vodafone AirTouch, added 15.57 euros to 203 euros amid hopes that Vodafone may sweeten its bid. Holzmann, the building group, gained by almost a third after the Government led a rescue package for the group.

Comments