BLG Building Materials##

   By Thomas Leppert and Friedrich Geiger 
 

FRANKFURT--UBS AG (UBS) has placed 8.8 million shares in Deutsche Lufthansa AG (LHA.XE) for EUR14.43 ($19.28) each this morning, according to a trader.

The shares used to belong to Bayerische Landesbank, he said. The number of shares which have been placed are equivalent to around 2% of Lufthansa's total shares.

A spokesman for Bayerische Landesbank wasn't immediately available for comment. A spokeswoman for UBS declined to comment.

At 0908 GMT, Lufthansa shares trade 2.3% lower at EUR14.30.

Nikki Houston contributed to this story.

Write to Friedrich Geiger at friedrich.geiger@dowjones.com

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