StockMarketWire.com - The European Bank for Reconstruction and Development has agreed to 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 projects in the gypsum, industrial mortars and insulation activities in several regions.

Compagnie de Saint-Gobain says the investments will reflect the environmental and social action plan agreed with EBRD 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.




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