ITALY'S CIR PLANS CONVERTIBLE BOND ISSUES
CIR (Comagnie Riunite Industriali SpA)
<IRRI.MI> said it will ask shareholders to approve two
five-year bond issues carrying warrants convertible into shares
of its subsidiaries <Buitoni SpA> and <Sasib SpA>.
    Neither the value nor the terms of the planned issues was
released.
    Shareholders are scheduled to vote on the bond issues at an
extraordinary meeting called for April 27.
 REUTER
