EBRD increases participation in Saint-Gobain Construction Products Rus LLC

Date: 9 July 2014

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-GobainSaint-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.

600450 EBRD increases participation in Saint-Gobain Construction Products Rus LLC glassonweb.com

See more news about:

Others also read

Saint-Gobain Glass and Eckersley O’Callaghan unite to drive the market toward low-carbon façades.
With over 50 years of expertise, Unelko’s Invisible Shield PRO 15 is setting new standards in glass protection, earning the trust of major industries and global glass producers.
Maud Thuaudet appointed Group Chief Financial Officer. Sreedhar N. appointed CEO for the Asia-Pacific Region.
New dynamic glass delivers true-to-life views & neutral aesthetics
Maltha Glass Recycling, a leading European recycler and Renewi subsidiary, announces a successful pilot test with Saint-Gobain.
On 12 February 2025, AGC and Saint-Gobain officially inaugurated the Volta production line in the presence of local authorities, stakeholders and representatives of both companies.

Add new comment

From industry