WARSAW, July 18 - Ukraine's Astarta Kiev, a sugar producer that plans an initial public offering of stock in Poland later this year, will offer investors new shares to finance continued expansion, official said.

"The lion's share of the funds [raised from the IPO] will be ploughed back into the business," Victor Ivanchyk, the deputy director at Astarta, said Monday. The company seeks to sell a stake of 25-30%.