Also on the Lisbon stock exchange, shares of Portugal Telecom closed nearly 3.3 percent higher after it rushed to salvage a possible tie-up with Oi, the Brazilian telecoms company.
Boosted by Espirito Santo and Portugal Telecom, the PSI 20 outperformed, closing provisionally higher by 2.9 percent.
In the U.K., shares of U.K.-listed miner Rio Tinto closed around 2.8 percent higher after its announced it was increasing iron ore output and stepping up shipments to China.
Meanwhile, shares of Italy's GTECH ended over 4 percent higher after the announcement that it would buy International Game Technology in a deal valued at $6.4 billion.
Read MoreItaly's GTECH to buy gaming company IGT for $6.4B
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