European shares fall after slump in Nokia and Alcatel

lunes 1 de febrero de 2016 08:16 GYT

* FTSEurofirst down 0.3 pct, Euro STOXX 50 down 0.7 pct

* Nokia, Alcatel fall after Samsung settlement

* Bankia rises after reporting higher profits

* Italian bank stocks also gain on prospect of M&A (Adds quote, detail)

By Sudip Kar-Gupta

LONDON, Feb 1 (Reuters) - European shares fell on Monday, pulled lower by telecom equipment stocks amid investor disappointment over the terms of a deal between Nokia and Samsung to settle a legal dispute.

The pan-European FTSEurofirst 300 index, whose six percent fall in January was its worst monthly drop at the start of a year since 2008, dipped 0.3 percent to 1,344.38.

Germany's DAX and the euro zone's blue-chip Euro STOXX 50 fell 0.5 percent and 0.7 percent respectively.

Shares in Nokia and Alcatel -- which Nokia is in the process of acquiring -- slumped around 10 percent after traders expressed disappointment with the terms of Nokia's settlement of a patent dispute with Samsung.   Continuación...