Doğan Holding is amongst the biggest conglomerates in Turkey operating in the energy, media, industry, trade, insurance and tourism industries. Founded by Aydın Doğan who 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]
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 groupsedit
Doğan 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, Suvmarket used car platform with SUV vertical focus
On 22 March 2018, Doğan Holding announced to KAP of their intentions to sell their media division to Demirören 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]
The Privatization Board of Turkey however 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 Minister Mesut Yılmaz and then-State Minister Isin Celebi accused of abuse of power and Aydın Doğan of manipulating the public opinion through his media network.
Tax fraud chargesedit
On 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 publisher Axel 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.
Manipulation of tax court electronic distribution systemedit
Dogan's financial specialists and attorneys reclaimed their case file a number of times in order to ensure that it would not be put into the electronic distribution system in order to 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 in order to ensure their case was handed over to a specific preferred court.
SPK accusationsedit
On September 28, 2009, Turkey's Capital Markets Board SPK, accused Aydın Doğan, Imre Barmanbek, Hanzade Doğan Boyner and Ali Riza Temuroglu for 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 from offshore 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.
^"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. Retrieved 22 March 2018. {{cite news}}: |first1= has generic name (help)
^"İmzalar atıldı... Doğan Medya resmen Demirören Holding'e geçti". Retrieved 20 April 2018.
^"Sale of Dogan set to tighten Erdogan's grip over Turkish media". Reuters. 2018-03-22. Retrieved 2023-02-07.
^Times, The New York (2018-03-21). "Turkish Media Group Bought by Pro-Government Conglomerate". The New York Times. ISSN 0362-4331. Retrieved 2023-02-07.
doğan, holding, this, article, relies, excessively, references, primary, sources, please, improve, this, article, adding, secondary, tertiary, sources, find, sources, news, newspapers, books, scholar, jstor, july, 2008, learn, when, remove, this, template, mes. This article relies excessively on references to primary sources Please improve this article by adding secondary or tertiary sources Find sources Dogan Holding news newspapers books scholar JSTOR July 2008 Learn how and when to remove this template message Dogan Holding is amongst the biggest conglomerates in Turkey operating in the energy media industry trade insurance and tourism industries Founded by Aydin Dogan who still is a major shareholder the company is led by his daughter Begumhan Dogan Faralyali 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 Dogan Sirketler Grubu Holding A S TypeAnonim SirketTraded asBIST DOHOLIndustrymedia energy retail industry real estate and motor vehicle marketing financial services and othersFoundedIstanbul on 22 September 1980FounderAydin DoganHeadquartersIstanbulKey peopleBegumhan Dogan Faralyali Chairwoman 1 Imre Barmanbek Deputy Chairperson Ragip Nebil Ilseven Deputy Chairperson amp CEO RevenueUS 1 8 billion 2016 Net incomeUS 310 2 million 2016 Number of employees8 649 Contents 1 Group companies 1 1 Electricity generation 1 2 Petroleum products retail 1 3 Industry amp trade 1 4 Automotive amp mobility groups 1 5 Finance amp investment 1 6 Internet amp entertainment 1 7 Real estate Investment 2 Media division sale 3 Lawsuits and accusations 3 1 POAS privatization controversy 3 2 Tax fraud charges 3 3 Manipulation of tax court electronic distribution system 3 4 SPK accusations 4 ReferencesGroup companies editElectricity generation edit Galata Wind Energy Aslancik HEPP 33 Boyabat HEPP 33 Petroleum products retail edit Aytemiz Petrol 50 Industry amp trade edit Celik Halat BIST CELHA manufactures steel wires Ditas Dogan 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 Havacilik involved in private aviationAutomotive amp mobility groups edit Dogan Trend Distributor and retailer of prominent cars motorcycles outboard marine engines amp electrified mobility brands The group also offers operational leasing new amp used car sales as well as servicing operations Brands represented by Dogan Trend as of 2022 November Cars Suzuki MG Motors Suvmarket used car platform with SUV vertical focus Motorcycles Vespa Piaggio Aprilia Moto Guzzi KYMCO Silence and Suzuki Motorcycles Marin Suzuki Outboards Mobility Wallbox Chargers Bimas E bikesThe company operates with more than 70 dealers amp service points across country Finance amp investment edit DYBank D Investment Bank Doruk Finansman Doruk Factoring Oncu GSYOInternet amp entertainment edit Radio Slowturk Hepsiburada hepsiemlak com Kanal D Romania Dogan Publishing DMC Dogan Music Company Dogan Burda joint venture with Hubert Burda Media Real estate Investment edit Trump Towers Istanbul Milta Bodrum Marina DoubleTree by Hilton Bodrum Marina Vista Milpa BIST MIPAZ Media division sale editOn 22 March 2018 Dogan Holding announced to KAP of their intentions to sell their media division to Demiroren Group 3 The sale has been criticized due to Demiroren Group s close ties with the government 4 5 On April 5 2018 the division was sold to Demiroren group 6 Lawsuits and accusations editPOAS privatization controversy edit On Sept 3 1998 the Petrol Ofisi POAS privatization tender ended with Akmaya Orteks Group offering US 1 160 billion Dogus Holding Garanti Bank USD 1 150 billion Turkiye Is Bankasi Bayindir Holding Park Holding PUIS Grubu USD 1 110 billion The Privatization Board of Turkey however preferred Turkiye Is Bankasi 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 Minister Mesut Yilmaz and then State Minister Isin Celebi accused of abuse of power and Aydin Dogan of manipulating the public opinion through his media network Tax fraud charges edit On 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 publisher Axel 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 of Recep Tayyip Erdogan 7 8 Manipulation of tax court electronic distribution system edit Dogan s financial specialists and attorneys reclaimed their case file a number of times in order to ensure that it would not be put into the electronic distribution system in order to 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 in order to ensure their case was handed over to a specific preferred court SPK accusations edit On September 28 2009 Turkey s Capital Markets Board SPK accused Aydin Dogan Imre Barmanbek Hanzade Dogan Boyner and Ali Riza Temuroglu for 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 from offshore 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 Dogan Holding 404 Dogan Holding PDF a href Template Cite web html title Template Cite web cite web a Cite uses generic title help Editorial Reuters 22 March 2018 Turkey s Dogan Holding says began talks with Demiroren on sale of U S a href Template Cite news html title Template Cite news cite news a 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 Retrieved 22 March 2018 a href Template Cite news html title Template Cite news cite news a first1 has generic name help Imzalar atildi Dogan Medya resmen Demiroren Holding e gecti Retrieved 20 April 2018 Sale of Dogan set to tighten Erdogan s grip over Turkish media Reuters 2018 03 22 Retrieved 2023 02 07 Times The New York 2018 03 21 Turkish Media Group Bought by Pro Government Conglomerate The New York Times ISSN 0362 4331 Retrieved 2023 02 07 41 1 55 N 29 2 14 E 41 03194 N 29 03722 E 41 03194 29 03722 Retrieved from https en wikipedia org w index php title Dogan Holding amp oldid 1174673585, wikipedia, wiki, book, books, library,
