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7 Jul 2014 17:43
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July 7, 2014
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EBRDΒ increases participation in
Saint-Gobain Construction Products Rus LLC
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Saint-Gobain and EBRD (European Bank for Reconstruction and Development) have signed an agreement whereby EBRD will increase its participation in Saint-Gobain Construction Products Rus LLC from its current stake of 11% to 33%.
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The EBRD equity injection will contribute to financing Saint-Gobain Construction Products planned investments in Russia for the next three years including inter alia projects in the Gypsum, Industrial Mortars and Insulation activities in several regions.
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The investments will reflect the Environmental and Social Action Plan agreed with EBRD thereby reaffirming the commitment of the Saint-Gobain Group to the highest standards in environmental performance, corporate governance and business conduct.
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This operation will contribute to the acceleration of Saint-Gobain's development in Russia, in alignment with the Group's strategy of strengthening its position in fast growing markets.
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About Saint-Gobain
Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes high-performance building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection.Β With 2013 sales of β¬42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees.Β For more information about Saint-Gobain, please visit www.saint-gobain.com or download the new "Saint-Gobain Shareholder" application for tablet and smartphone.
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