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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
11/27/201403:24:08Monitise: Santander, Telefonica, MasterCard Invest GBP49.2 Million
11/25/201419:08:07Santander Mexico to Buy Loan Portfolio From Scotiabank
11/25/201418:21:23Santander to Sell Part of Nevada Solar-Project Stake to Canadian...
11/25/201415:57:39EUROPE MARKETS: Euro Stocks Climb As German Economy Logs Modest...
11/25/201415:56:29Santander CEO Marin to Be Replaced -- 3rd Update
11/25/201415:43:14Santander CEO Marin to Be Replaced -- 2nd Update
11/25/201415:36:25EUROPE MARKETS: German Economy Logs Modest GDP Growth; Stocks...
11/25/201411:16:00Standard Chartered Taps Santander's Euan Campbell for New Senior...
11/25/201407:51:42Santander CEO Marin to Be Replaced -- Update
11/25/201406:28:58Santander CEO Javier Marín to Be Replaced by CFO José Antonio Ã...
11/19/201411:35:14Switzerland's Eurofin in Process of Largely Shutting Down...
11/05/201407:00:08Enel to Float a Further Endesa Stake
10/31/201411:00:10BOE Sets New Capital Standards for Biggest U.K. Banks
10/29/201413:23:00Banco Santander SA 3Q 2014 -- Forecast
10/26/201408:17:07Spain's Liberbank Fails ECB's Stress Test
10/16/201410:32:36Polish Regulator Wants Market Newcomer to Buy GE's Local Bank
10/07/201415:25:48Correction to ECB Questions New Eurozone Banking Loophole Article
10/07/201412:10:06ECB Questions New Eurozone Banking Loophole
09/23/201418:17:35ADR Shares End Lower; AstraZeneca, Shire Shares Trade Actively
09/23/201418:06:22UniCredit CEO Confirms Bank to Enter Talks With Santander

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