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EBRD increases participation in Saint-Gobain Construction Products Rus LLC

Post Time:Jul 15,2014Classify:Company NewsView:355

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 building and high-performance materials, providing innovative solutions to the challenges
of growth, energy efficiency and environmental protection. With 2013 sales of €42 billion, SaintGobain operates in 64 countries and has nearly 190,000 employees. For more information about
Saint-Gobain, please visit

Source: http://www.saint-gobain.com/enAuthor: shangyi

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