Japan’s government said it will sell a stake in Japan Tobacco Inc. for about $10.3 billion to help cover reconstruction costs of the 2011 earthquake in the country’s largest share offering in three years.

The Ministry of Finance owns about 1 billion shares, or 50 percent, of the cigarette maker and will offer as many as 333.3 million shares next month, it said today in a regulatory filing. Based on today’s closing price of 2,901 yen a share, the stake is worth about 967 billion yen ($10.3 billion).

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