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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
08/16/201615:10:00Abengoa Expects at Least 75% of Creditors to Approve Plan
08/11/201607:10:00Abengoa Reaches Deal With Creditors to Avoid Bankruptcy
08/09/201603:16:00CMA Requires Banks to Implement Open Banking System by Early...
08/04/201613:10:00Citigroup Expects Sale of Some South America Retail Units in...
08/02/201612:04:00Santander Eyes RBS Unit -- Update
08/02/201611:40:00Santander Eyes RBS Unit
08/02/201611:21:00Santander Eyes RBS Unit
07/29/201617:31:52Report of Foreign Issuer (6-k)
07/29/201613:57:38Report of Foreign Issuer (6-k)
07/27/201608:24:00Santander Profit Dented by Restructuring Costs -- 4th Update
07/27/201608:01:00UniCredit, Santander Terminate Asset Management Units Merger...
07/27/201607:50:00Banco Santander Brasil 2Q Net Profit Increases 7.8%
07/27/201607:20:00Santander Profit Dented by Restructuring Costs -- 3rd Update
07/27/201605:23:00UniCredit, Santander Terminate Asset Management Units Merger
07/27/201603:37:00Santander Profit Dented by Restructuring Costs -- 2nd Update
07/27/201602:40:00Santander Profit Dented by Restructuring Costs -- Update
07/27/201602:20:00Santander Profit Dented by Restructuring Costs
07/27/201601:42:00Santander Profit Dented by Restructuring Costs
07/26/201615:56:02Report of Foreign Issuer (6-k)
07/26/201612:54:45Report of Foreign Issuer (6-k)

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