Doğan Holding acquires stake in book publishing partner Egmont International

Opting to continue its growth in the publishing industry by itself, Doğan Holding bought 50% stake in its business partner Egmont. With the share transfer agreement signed on February 16, 2021, Doğan Holding is now the sole shareholder of the company.

Doğan Group and the Scandinavian publishing giant Egmont International Holding founded Doğan Egmont Yayıncılık ve Yapımcılık A.Ş. 25 years ago to engage in world-class publishing in Turkey. The joint venture began its growth and development soon after its establishment, adding the most influential publishing brands in Turkey to its portfolio. Doğan Egmont was followed by Doğan Kitap, later Dex, Doğan Novus, Ceo+, Doğan Solibri, and finally Doğan Akademi. The company made new strides in education and digital publishing, becoming the top audio-book publisher in Turkey. It continues to introduce thousands of books from hundreds of authors to millions of adult and young readers through its online and offline sales channels.

Egmont Publishing had been shifting its focus to other areas, and its decision to sell the shares to Doğan Group was motivated by these new focus areas and international investment strategies. The transfer of shares is expected to finalize upon the approval of the share transfer agreement by the Competition Board. Looking forward, Doğan Egmont will continue to invest in line with the vision of Doğan Holding, and sustain its growth driven by its strong and ambitious position in the publishing industry. The partnership with Egmont Publishing, which was renamed Egmont Story House recently, will continue within the scope of content sharing, joint editions, and product development. In a press statement about the acquisition of Egmont shares, Doğan Holding said “We hope this development will benefit the Turkish economy and publishing industry.”

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