Banco Santander SA (STD) sold its 5.01% stake in France Telecom SA's (FTE) Spanish unit for EUR377.6 million, the company said in a stock market filing Wednesday.

In a separate statement Wednesday, France Telecom said it increased its stake in Spanish unit France Telecom Espana to 99.85%, for a total of EUR1.37 billion.

Company Web site: www.santander.com

-By Jason Sinclair, Dow Jones Newswires, 34 913958127, jason.sinclair@dowjones.com