Conforama increases Darty offer to 138 pence per share

April 20 (Reuters) - Conforama has increased its cash offer for shares in electronics retailer Darty Plc (LSE: DRTA.L - news) it does not already own to 138 pence per share, Conforama's parent company said on Wednesday.

Conforama, a subsidiary of Steinhoff International Holdings NV, has also bought 103.2 million shares of Darty (Euronext: DRTY.NX - news) - about a 19.5 percent stake - Steinhoff added.

The cash consideration payable under terms of the revised offer will be funded using acquisition facilities provided by Citigroup (NYSE: C - news) and HSBC, Steinhoff said.

Earlier in March, Steinhoff, through French-based unit Conforama, offered 673 million pounds ($966 million) in an all-cash deal to acquire Darty, trumping a competing takeover bid from a French retailer, Groupe Fnac SA.

That earlier Conforama offer was worth 125 pence a share.

($1 = 0.6965 pounds) (Reporting by Sangameswaran S in Bengaluru; Editing by Mark Potter)