Signing of the preliminary binding letter regarding the share transfer of direct subsidiary - D&R


A preliminary binding letter has been signed between our Company and Turkuvaz TK Kitap ve Kırtasiye A.Ş. on April 13, 2018 (today) regarding the sale and transfer of all our shares in our direct subsidiary Doğan Müzik Kitap Mağazacılık Pazarlama A.Ş. ("D&R"), whereby we hold 100% shares in the fully paid up capital of 50,000,000 Turkish Liras, for 440.000.000 Turkish Liras in cash and in single payment, once the “Share Transfer Agreement” is signed.

Further developments on the subject will be shared with the public as per the relevant legislation.

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