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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
02/04/201614:39:00Santander Provides $2.3 Million In New Grants To Support Leading...
01/27/201611:10:00Santander Profit Plunges on U.K. Insurance-Related Provisions...
01/27/201609:08:00Santander: No Margin for Error -- Heard on the Street
01/27/201609:03:00Santander: No Margin for Error -- Heard on the Street
01/27/201608:18:00Santander: No Margin for Error -- Heard on the Street
01/27/201606:49:00Santander Profit Plunges on U.K. Insurance-Related Provisions...
01/27/201605:25:00Santander Profit Plunges on U.K. Insurance-Related Provisions...
01/27/201603:32:00Correction to Santander Story
01/27/201603:27:00Santander Profit Plunges on U.K. Mis-selling Provisions -- 2nd...
01/27/201602:34:00Santander Profit Bolstered by U.K. Business -- Update
01/27/201602:30:00Santander Profit Up Slightly
01/27/201601:41:00Santander Profit Up Slightly
01/26/201614:06:59Report of Foreign Issuer (6-k)
01/26/201608:26:00Spanish Banks' Shares Hit Ahead of Quarterly Results
01/25/201613:50:46Amended Statement of Ownership (sc 13g/a)
01/25/201608:34:00Banco Santander SA 4Q 2015 -- Forecast
01/21/201618:50:00Brazilian Banks to Form Credit Registry
01/21/201618:09:00Brazilian Banks to Form Credit Registry
01/14/201611:26:00Santander Holdings USA Declares Quarterly Dividend On Preferred...
01/06/201608:00:00Sanofi Genzyme Announces Recipients of Patient Advocacy Leadership...

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