Compagnie de Saint-Gobain Agreement Saint-Gobain / EBRD (6608L)
July 07 2014 - 12:43PM
UK Regulatory
TIDMCOD
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 EUR42 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
+33 1 47 62
32 52
+33 1 47 62 +33 1 47 62
Gaetano TERRASINI 44 29 30 48
Vivien DARDEL +33 1 47 62 Sophie CHEVALLON +33 1 47 62
Marine HUET 30 93 Susanne TRABITZSCH 43 25
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