Hürriyet’s capital increase demand approved
Turkey’s Capital Markets Board (SPK) has approved a demand of paid capital increase by Hürriyet Gazetecilik ve Matbaacılık AŞ, the holding company which owns media assets, including the Hürriyet Daily News.
The increase accounts for some 40 million liras, or $7.4 million.
The issued shares are allocated to Demirören Media Group, which acquired Doğan Media assets in April, including Hürriyet Gazetecilik.
The SPK approved the demand, restricting the re-sale of the shares for six months.