Posted by meb at December 5th, 2008

Doğan Media Group, Turkey’s biggest media company, plans to raise its capital by 30 percent, asking partners to contribute YTL 1 (64 cents) a share.

DMG to raise capital Doğan Holding and Doğan family members, the main owners of DMG, will buy 183.5 million shares, which were trading at Ykr 64 yesterday afternoon, according to a filing with the Istanbul Stock Exchange yesterday. DMG shares lost 86.5 percent of their value since Jan. 1.Meanwhile, Doğan Holding shares were downgraded to “neutral” from “overweight” by analyst Bülent Yurdagül at HSBC. The price target is YTL 1.35 per share.
source: Hurriyet daily news

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