Demirören Group

Turkey's Competition Board on May 7 approved the sale of Doğan Holding's visual and print media components to Demirören Holding, Doğan Holding has said in a statement to the Public Disclosure Platform (KAP).

Doğan Group honorary chairman Aydın Doğan bid farewell to staff at Hürriyet's Istanbul headquarters on April 6, after the sale process of the group's media companies to the Demirören Group continues.

Turkey's Doğan Holding, which also owns the Hürriyet Daily News, said on March 22 that it started talks with Demirören Holding on the sale and transfer of its visual and print media components in an official announcement to the Public Disclosure Platform.

Total has said it signed an agreement to sell its service station network and commercial sales, supply and logistics assets located in Turkey to Demirören for 325 million euros (around $356 million) in a written statement on Sept. 1. 

The transaction is subject to the customary approvals.