MILAN, Oct 12 (Reuters) - Shares in Camfin , the parent company of tyremaker Pirelli , extended gains to rise nearly 5 percent in Milan in early trade on Friday.
Camfin said on Friday it launched a fixed-rate 150 million euro ($194.14 million) bond convertible into 5.85 percent of Pirelli shares.
At 0724 GMT Camfin shares were up 4.38 percent at 0.51 euros while Pirelli was down 0.68 percent at 8.79 euros in a broadly flat Milan market.
(Reporting By Lisa Jucca) ((elisabetta.jucca@thomsonreuters.com)(Tel +39 02 66129442)(Reuters Messaging: elisabetta.jucca.thomsonreuters@reuters.net))
Keywords: CAMFIN BOND/SHARES
