The Finance Ministry said Monday it will sell 289,334 shares in Japan Tobacco Inc. held by the government for 843,000 yen per share this week.
The selling price is 2.09 percent lower than JT stock's closing price Monday -- 861,000 yen -- on the first section of the Tokyo Stock Exchange, the ministry said.
With the offering period set for the three days from Tuesday, 198,334 of the 289,334 shares will be sold in Japan and the remaining 91,000 in overseas markets.
Delivery of the shares is slated for Friday.
The third offering of JT shares by the government will lower its stake in the former tobacco monopoly to 50 percent from the current 64.5 percent.