UPDATE 1-Lehman placing 3.6 mln Renault shares-dealers

Newswire

(Adds background, analyst comment) LONDON, Feb 24 (Reuters) - Investment bank Lehman Brothers is placing 3.6 million shares, or a 1.26 percent stake, in French auto maker Renault on behalf of French media group Lagardere , dealers said on Monday. The shares are being sold via a quick auction to institutional investors, known as an accelerated bookbuilding process, they said. Renault declined comment, while both Lagardere and Lehman Brothers were unable to comment immediately. At 1040 ...

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