OREANDA-NEWS. OAO Gomel Fat Factory plans to put up for sale an additional issue of shares in June the framework of the IPO scheduled for later this year, a Belgospischeprom official told.

The company plans to arrange for an additional issue of 4.035 million shares worth Br75.858 billion (USD 7.511 million) with par value of Br18,800 (USD 1.86).

The additional shares will be offered for sale at the Belarusian Currency and Stock Exchange after finalizing all reparations in June 2014.

The shares can be purchased by individuals and entities without restrictions. If all of the additional shares are sold out, the state-owned stake in Gomel Fat Factory will decrease from 99.43% to 75.01%.

Founded in 1932, Gomel Fat Factory is one of the biggest enterprises of Belarusian fat-and-oil industry. Its rated capacity is 23 thousand tons of margarine, 5.6 thousand tons of mayonnaise, 19 thousand tons of laundry soap, 11.3 thousand tons of toilet soap a year.

The company was converted into an OAO in 2008. The company's statutory capital now stands at Br233.1 billion (USD 23.07 million).