LONDON ( The Deal) -- Markets in Europe and Asia were back in positive territory on Monday after last week's fears over the health of Portugal's Banco Espirito Santo were put to one side and investors focused on more upbeat company news.
In Japan, where the Nikkei 225 index closed up 0.88% at 15,296.82, a big market mover was telecoms group Softbank which has reached a basic deal to buy control of T-Mobile USA (TMUS) from its German parent Deutsche Telekom. Softbank plans to merge T-Mobile with its existing U.S. business Sprint (S). Together the two will have about 100 million U.S. subscribers, putting them in a stronger position to compete with Verizon Wireless and AT&T. Softbank closed up 2.26% at 7,649 yen. In Germany, Deutsche Telekom, which owns 67% of T-Mobile USA, was up 1.45% at 12.25 euros.
Airbus Group was up 1.56% at 47.84 euros after confirming at Britain's prestigious Farnborough Airshow that its new A330Neo model will be kitted out with more environmentally friendly Rolls-Royce Trent 7000 engines. Los Angeles-based Air Lease has signed a deal to buy 85 planes from Airbus, including 25 of the aircraft maker's new fuel-efficient, short-haul A330-990neo widebody planes. International Airlines Group, which owns British Airways and the Spanish airline Iberia, said BA will be buying 20 A320 aircraft fitted with new engine option.
Pharmaceuticals company Shire (SHPG) was up 2.67% at 50 pounds a share, after engaging in talks with U.S. bidder AbbVie (ABBV). Shire said for the first time Monday it was prepared to recommend the latest revised proposal to shareholders. It said AbbVie had upped its indicative cash and shares offer to 53.20 pence a share pounds, valuing Shire at 31.4 billion pounds ($53.75 billion) and giving Shire's shareholders a 25% stake in the combined company.