Saint-Gobain expects to complete the sale of its packaging unit during 2008, the French conglomerate's chief said on Thursday, predicting the sale would be made in "good conditions" despite a troubled credit market.

"The momentum in the packaging unit is very good so I have no worries," Pierre Andre de Chalendar told a news conference on Saint-Gobain's results.

"I have the intention of selling it this year," Chalendar said, adding he envisaged a sale of the whole unit.

Asked whether deteriorating credit conditions could make the sale more difficult, Chalendar said: "I think we will sell packaging in good conditions... There are different kinds of acquirers."

"The credit situation could be a handicap for some (acquirers) but not for others," Finance Director Benoit Bazin added.

Talking about Wendel, which has increased its stake in St-Gobain to nearly 18 percent, Chalendar said that the investment's group's ideas were "in line" with Saint- Gobain'srategy.