Banco Santander SA (STD) has sold EUR1.5 billion worth of bad loans in recent months to U.S. investment firms Fortress, Lone Star and Cerberus, Expansion newspaper reports, citing market sources.

Spain's largest lender sold the portfolios for more than EUR200 million, says the newspaper. Fortress purchased EUR1 billion of consumer credit, while Lone Star and Cerberus bought EUR500 million of mortgages, it adds.

Newspaper website: www.expansion.com

Madrid Bureau, Dow Jones Newswires; 34 91 395 8120.

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