Saint-Gobain Emerging Market and Environmental Strategy Receives Equity Boost
Saint-Gobain has taken another step forward in its Environmental and Social Action Plan through an agreement signed with EBRD (European Bank for Reconstruction and Development) which will see the latter increase its participation in Saint-Gobain Construction Products RUS LLC from 11 percent to 33 percent.
Ther 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 also 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.
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