Delek seeks to up stake in real estate unit by 10 pct

JERUSALEM, Sept 7 (Reuters) - Israeli conglomerate the Delek Group (DELKG.TA) said on Sunday it was seeking to raise its stake in unit Delek Real Estate (DLKR.TA) by another 10 percent.

Delek currently owns 69.9 percent, or 90.1 million shares, of Delek Real Estate while the public holds 30.1 percent, or 38.8 million shares.

It has offered to buy up to another 12.9 million shares from the public at 10.18 shekels per share for a total of 132 million shekels ($37 million), Delek said in a statement to the Tel Aviv Stock Exchange.

Shareholders have until Sept. 24 to accept the offer.

Shares of Delek Real Estate closed 13.4 percent higher at 9.84 shekels in Tel Aviv. Delek Group's shares ended up 1.15 percent at 440 shekels.

($1 = 3.59 shekels)

(Reporting by Steven Scheer; Editing by Quentin Bryar)