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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
03/23/201713:34:00Santander Bank Expands Its Presence In The Bronx
03/22/201717:27:00Santander Holdings USA, Inc. Announces Pricing Of Private Offering...
03/22/201709:23:00Santander Holdings USA, Inc. Announces Proposed Private Offering...
03/22/201708:48:00Santander Bank Announces Cash Tender Offers For Any And All Of...
03/16/201709:56:00Santander Bank Raises its Prime Rate to 4.00%
03/07/201715:06:43Report of Foreign Issuer (6-k)
03/07/201705:36:00Hellman & Friedman, Singapore's GIC Buy Allfunds Bank From Santander...
03/06/201715:36:59Report of Foreign Issuer (6-k)
03/03/201706:06:18Report of Foreign Issuer (6-k)
02/28/201718:33:41Report of Foreign Issuer (6-k)
02/28/201715:02:00The Newest Bank Blockchain: Will This Be the Breakthrough?
02/28/201715:01:00Correction to Bank Blockchain Story
02/28/201715:00:00Correction to Bank Blockchain Story
02/28/201710:42:00Santander Bank Opens Two New Branches In Brooklyn
02/28/201708:03:00The Newest Bank Blockchain: Will This Be the Breakthrough?
02/24/201715:41:24Report of Foreign Issuer (6-k)
02/17/201712:01:39Form 13f Holdings Report (13f-hr/a)
02/14/201718:12:47Form 13f Holdings Report (13f-hr)
02/14/201710:39:00Extended Hours And A New, Contemporary Look Make Banking At Santander...
02/08/201706:04:25Amended Statement of Ownership (sc 13g/a)

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