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Agreement Saint-Gobain / EBRD

7 Jul 2014 17:43

RNS Number : 6608L
Compagnie de Saint-Gobain
07 July 2014
 



 

 

 

 

 

 

 

July 7, 2014

 

 

 

EBRD increases participation in

Saint-Gobain Construction Products Rus LLC

 

 

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%.

 

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.

 

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.

 

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.

 

 

 

 

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. With 2013 sales of €42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com or download the new "Saint-Gobain Shareholder" application for tablet and smartphone.

 

 

 

Analyst/Investor Relations

 

 

Media Relations

 

 

Gaetano TERRASINI

Vivien DARDEL

Marine HUET

 

+33 1 47 62 32 52

+33 1 47 62 44 29

+33 1 47 62 30 93

 

Sophie CHEVALLON Susanne TRABITZSCH

 

+33 1 47 62 30 48

+33 1 47 62 43 25

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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