CANNES — Top Spanish production house Lolafilms is in final negotiations for a U.S. sale on three movies: Alex de la Iglesia’s “Common Wealth,” Spanish B.O. smash “Torrente, the Long Arm of the Law” and its sequel, “Torrente 2.”

Leading U.S. Hispanic broadcaster Univision looks set to take free TV rights on both the “Torrente” pics. And Lola is in talks for a theatrical outing in the U.S. on “Common Wealth” via Univision shareholder Venivision, which would bow its own dedicated distribution operation.

Sales deals are expected to be finalized during the Cannes Film Festival.

“We hope that Univision’s visionary approach will make other channels bet on Spanish films in the U.S. It’s an honor to work with the U.S.’s fifth-biggest channel,” said Marina Fuentes, VP of international sales for Lolafilms.

The sales coincide with a SRO first market screening Friday at Cannes for Bigas Luna’s “Sound of the Sea,” toplining Spanish actress Leonor Watling.

In a separate move, Lolafilms CEO Andres Vicente Gomez has been named vice chairman of FIAPF (the Intl. Federation of Film Producers Assn.), representing Europe.