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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
01/29/201513:03:13Banco Santander SA 4Q 2014 -- Forecast
01/16/201506:14:02Spain's Isolux Corsan Plans to Raise EUR600 Million in IPO
01/09/201516:45:41U.S. Stocks Fall Despite Stronger-Than-Expected Jobs Report
01/09/201516:45:28Santander Stock Plunges Below Capital Hike Price -- 2nd Update
01/09/201516:42:46Correction to Santander Stock Plunges Below Capital Hike Price
01/09/201516:39:07Santander Stock Plunges Below Capital Hike Price--Update
01/09/201516:37:46European Shares Weighed Down by Banking Stocks -- 2nd Update
01/09/201514:16:19Santander Shares Plunge to Below Price at Capital Hike
01/09/201508:14:12European Shares Weighed Down by Banking Stocks -- Update
01/09/201505:49:07Banks Drag European Stocks Lower
01/09/201505:03:02European Shares Weighed Down by Banking Stocks
01/09/201504:16:07Santander Shares Priced at EUR6.18 Each in EUR7.5 billion Capital...
01/08/201520:28:28Car Loans See Rise In Missed Payments
01/08/201513:35:17Santander to Raise $8.88 Billion in Capital -- 3rd Update
01/08/201513:29:56Santander Chairman Says No Plans for Acquisitions
01/08/201512:47:49Santander to Issue 1.26 Billion Shares in Capital Increase
01/08/201510:54:25Santander to Raise $8.88 Billion in Capital -- 2nd Update
01/08/201509:23:43Santander to Raise $8.88 Billion in Capital -- Update
12/29/201410:13:02Novo Banco Has Four Potential Buyers
12/23/201411:49:23U.S. Hot Stocks: Hot Stocks to Watch

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