Doğan Holdingis amongst the biggest conglomerates inTurkeyoperating in the energy, media, industry, trade, insurance and tourism industries. Founded byAydın Doğanwho still is a major shareholder, the company is led by his daughter Begümhan Doğan Faralyalı. Main operating activity of the Holding is to invest in various sectors via associates, to provide all necessary support to its subsidiaries and joint ventures in order to develop their activities.[2]
Company type | Anonim Şirket |
---|---|
BİST:DOHOL | |
Industry | media, energy, retail, industry, real estate and motor vehicle marketing, financial services and others |
Founded | Istanbul,on 22 September 1980 |
Founder | Aydın Doğan |
Headquarters | Istanbul |
Key people | Begümhan Doğan Faralyalı(Chairwoman)[1] İmre Barmanbek(Deputy Chairperson) Ragıp Nebil İlseven(Deputy Chairperson & CEO) |
Revenue | US$1.8 billion (2016) |
US$310.2 million (2016) | |
Number of employees | 8,649 |
Group companies
editElectricity generation
edit- Galata Wind Energy
- Aslancık HEPP (33%)
- Boyabat HEPP (33%)
Petroleum products retail
edit- Aytemiz Petrol (50%)
Industry & trade
edit- Çelik Halat (BIST:CELHA): manufactures steel wires
- Ditaş Doğan (BIST:DITAS): manufactures automotive parts
- DDT / Dogan Trading: involved in trading of printing paper
- Sesa Ambalaj: manufactures packaging materials
- Kelkit Besi: involved in cattle ranching
- Neta Havacılık: involved in private aviation
Automotive & mobility groups
editDoğan Trend:Distributor and retailer of prominent cars, motorcycles, outboard marine engines & electrified mobility brands. The group also offers operational leasing, new & used car sales as well as servicing operations.
Brands represented by Dogan Trend as of 2022 November:
-Cars:Suzuki,MG Motors,Suvmarketused car platform with SUV vertical focus
-Motorcycles:Vespa,Piaggio,Aprilia,Moto Guzzi,KYMCO,SilenceandSuzuki Motorcycles
-Marin:Suzuki Outboards
-Mobility:Wallbox Chargers,Bimas E-bikes
The company operates with more than70 dealers & servicepoints across country.
Finance & investment
edit- DYBank / D-Investment Bank
- Doruk Finansman
- Doruk Factoring
- Öncü GSYO
Internet & entertainment
edit- Radio Dreamturk
- Dream FM
- Hepsiburada
- hepsiemlak
- Kanal D Romania
- Doğan Publishing
- DMC / Doğan Music Company
- Doğan Burda (joint venture withHubert Burda Media)
Real estate Investment
edit- Trump Towers Istanbul
- Milta Bodrum Marina
- DoubleTree by HiltonBodrum Marina Vista
- Milpa (BIST:MIPAZ)
Media division sale
editOn 22 March 2018, Doğan Holding announced to KAP of their intentions to sell their media division toDemirören Group.[3]The sale has been criticized due to Demirören Group's close ties with the government.[4][5]On April 5, 2018, the division was sold to Demirören group.[6]
Lawsuits and accusations
editPOAS privatization controversy
editOn Sept 3, 1998, thePetrol Ofisi(POAS) privatization tender ended withAkmaya-Orteks Groupoffering US$1.160 billion,Doğuş Holding-Garanti BankUSD 1.150 billion,Türkiye İş Bankası-Bayindir Holding-Park Holding-PUIS GrubuUSD 1.110 billion.
ThePrivatization Board of Turkeyhowever preferred Türkiye İş Bankası-Bayindir Holding-Park Holding-PUIS consortium. This was later on cancelled by the court and Dogan Holding won the next bidding process. The case involved serious corruption allegations, with then-Vice Prime MinisterMesut Yılmazand then-State MinisterIsin Celebiaccused of abuse of power andAydın Doğanof manipulating the public opinion through his media network.
Tax fraud charges
editOn Sept 8, 2009, Dogan Yayin said tax authorities wanted companies it controls to pay a total of TL3.76bn ($2.5bn) in unpaid taxes and penalties – equivalent to more than four-fifths of the combined market value of Dogan Holding and Dogan Yayin. The fine was issued after an earlier tax penalty of more than $500 million was leveled against the group in February for tax irregularities connected to the sale of a 25 percent stake in its television unit to German publisherAxel Springer SE.
Three weeks later, Turkey's largest media group Dogan Yayin said it was officially notified of an increase in a tax fine to 4.8 billion lira ($3.22 billion). The Halkali Tax Office had sent notifications to Dogan Yayin, stating movable and immovable properties provided as a guarantee by the firm could be sold at the end of the legal process.
Some said that the tax fraud charges were an effort to censor criticism ofRecep Tayyip Erdoğan.[7][8]
Manipulation of tax court electronic distribution system
editDogan's financial specialists and attorneys reclaimed their case file a number of times to ensure that it would not be put into theelectronic distribution systemto determine which court the case will be heard in. According to claims, Dogan's financial experts spent eight hours in the Tax Court on October 2, 2009, to ensure their case was handed over to a specific preferred court.
SPK accusations
editOn September 28, 2009, Turkey'sCapital Markets BoardSPK, accusedAydın Doğan,Imre Barmanbek,Hanzade Doğan BoynerandAli Riza Temuroglufor deliberately causing financial losses to Hurriyet Gazetecilik and Dogan Gazetecilik. It claimed that Dogan Holding purchased paper and publishing supplies at higher producer/seller unit prices fromoffshore companies—Sortal Trading Company Limited and Shawcliff Trading Limited—instead of direct producers. This, the SPK contends, cost Hurriyet Gazetecilik and Dogan Gazetecilik TL 33.12 million (US$22.19 million), excluding the interest. The SPK reported that it would take the case to court.
References
edit- ^"Board of Directors - Doğan Holding".
- ^"404 - Doğan Holding"(PDF).
{{cite web}}
:Cite uses generic title (help) - ^Editorial, Reuters (22 March 2018)."Turkey's Dogan Holding says began talks with Demiroren on sale of..."U.S.
{{cite news}}
:|first1=
has generic name (help) - ^Pitel, Laura (21 March 2018)."Turkish press baron agrees to sell media arm to Erdogan ally".Financial Times.
- ^Editorial, Reuters (22 March 2018)."Sale of Dogan set to tighten Erdogan's grip over Turkish media".U.S.Retrieved22 March2018.
{{cite news}}
:|first1=
has generic name (help) - ^"İmzalar atıldı... Doğan Medya resmen Demirören Holding'e geçti".Retrieved20 April2018.
- ^"Sale of Dogan set to tighten Erdogan's grip over Turkish media".Reuters.2018-03-22.Retrieved2023-02-07.
- ^"Turkish Media Group Bought by Pro-Government Conglomerate".The New York Times.2018-03-21.ISSN0362-4331.Retrieved2023-02-07.