One of the largest sunflower and rapeseed oil producers ViOil delayed its IPO in Warsaw according to unstable conditions in the market, as stated by the company itself. Initially, ViOil was planning to sell 28-37% of the shares and raise 144-187M USD. Announcement of price per share of the company was planned for July 13^th, 2011.

Vertically integrated company ViOil, operating on the Ukrainian market since 1992, includes two major plants located in Vinnitsa and Chernovtsy. For three quarters, ended March 31, revenue grew an annualized 42% to 220M USD, net profit grew by 2.5 times to 26.5M USD, the rate of EBITDA doubled to 39.3M USD.

Since early 2011, four Ukrainian companies, including three from the agricultural sector, carried out an IPO on the Warsaw Stock Exchange in: Ovostar Union sold 25% stake for 34M USD, the company KSG Agro a 33% stake for 39,7M USD, Industrial Milk Company - 24% of the 30M USD and manufacturer of batteries Westa ISIC SA sold 25% stake for 46.3M USD.

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