Turkey’s Dogan has combined its core activities under one holding company.
According to Hurriyet, the process saw Dogan Sirketler Grubu Holding take over all of Dogan Yayin Holding shares.
It adds that as part of the issuance document approved by the Capital Markets Board, the issue capital volume of Dogan increased to more than TL2.6 billion (€913.6 million) with the merger.
The merger, which was initially approved in August, has created the largest operation in terms of equity capital among publicly traded companies in Turkey.
Dogan’s media interests include the DTH platform D-Smart, along with the TV channels Kanal D, CNN Türk and tv2.
