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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
12/05/201612:50:00Sanofi Genzyme Announces Start of Phase III Study of Isatuximab...
11/29/201612:43:22Report of Foreign Issuer (6-k)
11/18/201614:29:00Report of Foreign Issuer (6-k)
11/16/201614:04:05Report of Foreign Issuer (6-k)
11/16/201613:36:00Banco Santander to Buy Back 50% Stake in its Asset-Management...
11/16/201613:30:00Banco Santander to Buy Back 50% Stake in its Asset-Management...
11/16/201613:19:00Banco Santander to Buy Back 50% Stake in its Asset-Management...
11/07/201606:03:32Report of Foreign Issuer (6-k)
11/04/201608:00:00Sanofi Genzyme Begins Pivotal Phase 3 Trial of NeoGAA Investigational...
11/03/201611:11:00Santander's Business Banking Customers Are Going Mobile
11/03/201603:02:00Finance Watch -- WSJ
11/02/201616:10:00Banco Santander SA in Talks to Buy Back 50% Stake in Asset Management...
11/02/201615:12:00Banco Santander SA in Talks to Buy Back 50% Stake in Asset Management...
10/28/201611:19:27Report of Foreign Issuer (6-k)
10/27/201603:02:00Finance Watch -- WSJ
10/26/201606:39:00Santander Brasil Net Profit Up 10.3% in 3rd Quarter -- Update
10/26/201606:35:00Santander Brasil Net Profit Up 10.3% in 3rd Quarter on Financial-Services...
10/26/201604:20:00Santander Profit Beats Forecasts
10/26/201603:35:00Santander Profit Beats Forecasts -- Update
10/26/201601:43:00Santander Profit Beats Forecasts

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