Anonim Şirket | |
Traded as | BİST: DOHOL |
Industry | media, energy, retail, industry, real estate and motor vehicle marketing, financial services and others |
Founded | Istanbul, Turkey (1980 ) |
Founder | Aydın Doğan |
Key people
|
Begümhan Doğan Faralyalı (Chairwoman) 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 |
Website | http://www.doganholding.com.tr |
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.
On Sept 3, 1998, the Petrol Ofisi (POAS) privatization tender ended with Akmaya-Orteks Group offering USD 1.160 billion, Doğuş Holding-Garanti Bank USD 1.150 billion, Türkiye İş Bankası-Bayindir Holding-Park Holding-PUIS Grubu USD 1.110 billion.
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.
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 AG.
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.