JERUSALEM May 18 Israeli conglomerate Delek
Group raised 140 million shekels ($40.47 million)
after underwriters of a secondary share offering exercised an
option to buy 1.38 million shares in subsidiary Delek US
Delek Group's stake in Delek US will drop to 7.5 percent,
the company said on Sunday.
On Thursday Delek Group said its stake in Delek US fell to
9.8 percent after it sold 9.2 million shares in a secondary
Delek US has assets in petroleum refining, logistics and
convenience store retailing. Delek Group, which owns stakes in
the giant Tamar and Leviathan natural gas fields off Israel's
Mediterranean coast, has been seeking to divest other holdings
to raise funds.
($1 = 3.4595 Israeli Shekels)
(Reporting by Ari Rabinovitch)