Pirelli's Camfin plans to increase stake to 29.9%, Italian daily says
ROME, Dec 12 (Reuters) -Camfin, the family vehicle of Marco Tronchetti Provera, is planning to increase its stake in Pirelli to 29.9% from 26.1%, Italian daily Il Messaggero reported on Thursday.
To fund the operation and to cut the cost of its debt, Camfin is working to obtain 650 million euros ($682.96 million) in financing from a pool of banks led by UniCredit and Intesa Sanpaolo and including Banco BPM, the newspaper said.
($1 = 0.9517 euros)
Reporting by Stefano Bernabei, Writing by Alvise Armellini, editing by Giulia Segreti
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