Dogan group shares suspended after media report

Tue Nov 10, 2009 8:14am GMT
 
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ISTANBUL, Nov 10 (Reuters) - Trading in shares of Turkey's Dogan Holding (DOHOL.IS), Dogan Yayin Holding (DYHOL.IS) and other group companies was suspended on Tuesday, the Istanbul Stock Exchange said.

Dogan Holding, Dogan Gazetecilik (DGZTE.IS) and Hurriyet (HURGZ.IS) share trading was to resume at 10:30 am (0830 GMT), the statement said.

It said Dogan Yayin shares would remain suspended pending the result of a hearing regarding a tax fine which the company faces.

The suspension of the shares came after a report in the Aksam daily said five of the group's newspaper its papers were being sold to Germany's Axel Springer (SPRGn.DE). The company subsequently denied the report.

 

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