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Santander Books EUR337 Million Extraordinary Gain on Reinsurance Deal

By David Roman MADRID--Spain's Banco Santander SA (SAN) said Thursday it is booking an after-tax extraordinary gain of 337 million euros ($413.5 million), following a reinsurance deal with Abbey Life Ltd., a subsidiary of Deutsche Bank AG (DB). Santander, Spain's largest bank by market value, said the deal involves the transfer of a portfolio of policies to Abbey Life and added that it plans to use to proceed to cover provisions related to real estate assets, in line with recent government directives. Write to David Roman at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Banco Santander Chile (SAN)
DateTimeHeadline
01/19/201717:31:22Amended Statement of Ownership (sc 13g/a)
01/19/201710:55:00Santander Holdings USA Declares Quarterly Dividend On Preferred...
01/11/201714:28:07Report of Foreign Issuer (6-k)
01/10/201713:28:10Report of Foreign Issuer (6-k)
01/02/201701:55:00Sanofi and Boehringer Ingelheim Confirm Closing of Business Swap...
12/29/201611:50:00Santander Donates More Than $3.3 Million In New Charitable Giving...
12/20/201616:29:45Report of Foreign Issuer (6-k)
12/15/201612:04:00Santander Bank Raises Its Prime Rate To 3.75%
12/05/201612:50:00Sanofi Genzyme Announces Start of Phase III Study of Isatuximab...
11/29/201612:43:22Report of Foreign Issuer (6-k)
11/18/201614:29:00Report of Foreign Issuer (6-k)
11/16/201614:04:05Report of Foreign Issuer (6-k)
11/16/201613:36:00Banco Santander to Buy Back 50% Stake in its Asset-Management...
11/16/201613:30:00Banco Santander to Buy Back 50% Stake in its Asset-Management...
11/16/201613:19:00Banco Santander to Buy Back 50% Stake in its Asset-Management...
11/07/201606:03:32Report of Foreign Issuer (6-k)
11/04/201608:00:00Sanofi Genzyme Begins Pivotal Phase 3 Trial of NeoGAA Investigational...
11/03/201611:11:00Santander's Business Banking Customers Are Going Mobile
11/03/201603:02:00Finance Watch -- WSJ
11/02/201616:10:00Banco Santander SA in Talks to Buy Back 50% Stake in Asset Management...

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