Israel's Gazit acquires shares in Ormat -report

TEL AVIV, June 14 (Reuters) - Gazit Inc. (GZIT10.TA) has acquired a 12 percent stake in Ormat Industries (ORMT.TA), an Israeli geothermal energy producer, TheMarker financial news website reported on Thursday.

Gazit, controlled by businessman Chaim Katzman, owns real estate investment company Gazit-Globe (GLOB.TA).

Officials at Ormat and Gazit could not immediately be reached for comment.

Ormat is the controlling shareholder in Ormat Technologies Inc. (ORA.N).

The 12 percent stake is worth about 700 million shekels ($168 million) at Ormat's current market cap.