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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 david.roman@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Banco Santander Chile (SAN)
DateTimeHeadline
07/22/201413:12:47EUROPE MARKETS: FTSE Hits 2-week High As Oil Shares Rise Across...
07/22/201410:05:24EUROPE MARKETS: Oil Shares Drive Higher In Europe; Publicis Slides
07/22/201406:41:02EUROPE MARKETS: Oil Shares, ARM Drive Gains In European Markets
07/10/201402:56:13CNP to Buy 51% Stake in Santander Consumer Finance's Insurance...
06/30/201403:36:34CNP, Banco Santander in Talks Over Consumer Finance Alliance
06/24/201412:00:06Correction to Fed Gives Four Banks Time to Resubmit Capital Plans...
06/23/201412:17:16EUROPE MARKETS: European Stocks Fall As U.K. Housing Plays Struggle
06/23/201405:31:03Santander to Buy Nordic Units of GE Money
06/06/201404:58:35EUROPE MARKETS: European Stocks Up After ECB Cuts; Weekly Win...
06/05/201421:55:20SocGen, Santander Weigh Link with Germany's Commerzbank -- Reports
06/02/201413:59:36King Juan Carlos' Abdication Leads to Debate on Spanish Monarchy
05/29/201416:05:50Providence, R.I., Files Federal Lawsuit Against Banco Santander--2nd...
05/29/201415:30:50Providence, R.I., Files Lawsuit Against Banco Santander
05/29/201415:24:15Providence, R.I., Files Federal Lawsuit Against Banco Santander--Update
05/08/201412:14:05EUROPE MARKETS: Draghi Comments Send European Stocks Higher
04/29/201418:06:12ADR Shares End Higher; ABB, Deutsche Bank and Banco Santander...
04/29/201410:24:15Santander Looks to Buy Rest of Brazil Unit in $6.5 Billion Deal...
04/29/201406:25:38Santander Looks to Buy Rest of Brazil Unit in $6.5 Billion Deal...
04/29/201404:31:58Santander Profit Rises
04/29/201403:36:38Poland's BZ WBK Net Profit Up 20% in 1Q at PLN449 Million

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