Lufthansa falls on market talk of stock placement
LONDON/FRANKFURT Jan 15 (Reuters) - Shares in German airline Lufthansa were among the worst-performing blue-chip stocks in Europe on Tuesday as three traders cited market speculation of a placement of shares in the company.
The traders cited market rumours that Lufthansa shares were being placed at 14.43 euros a share. One trader said the rumoured placement was being handled by UBS.
Lufthansa shares were down 2.2 percent at 14.32 euros by 0820 GMT, underperforming a 0.3 percent decline on Germany's benchmark DAX equity index.
Officials at Lufthansa said they could not comment on trades made by shareholders. A spokeswoman at UBS' media relations department in London had no immediate comment on the matter.
A person familiar with the matter said BayernLB was selling a stake in Lufthansa of about 2 percent to comply with European Union demands. BayernLB had no immediate comment. (Reporting by Sudip Kar-Gupta, David Brett, Arno Schuetze, Hakan Ersen and Maria Sheahan)