PARIS, July 7, 2014 /PRNewswire/ --
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 http://www.saint-gobain.com or
download the new "Saint-Gobain Shareholder" application for tablet
and smartphone.
Analyst/Investor Relations
Gaetano TERRASINI:
+33-1-47-62-32-52
Vivien
DARDEL: +33-1-47-62-44-29
Marine
HUET:
+33-1-47-62-30-93
Media Relations
Sophie
CHEVALLON : +33-1-47-62-30-48
Susanne TRABITZSCH :
+33-1-47-62-43-25
SOURCE Saint-Gobain
