Financial Times FT.com

Axel Springer in Dogan Yayin deal

By Delphine Strauss in Ankara and Gerrit Wiesmann in Frankfurt

Published: November 19 2009 23:01 | Last updated: November 19 2009 23:01

Axel Springer, the German publisher, plans to buy a 29 per cent stake in Dogan Yayin, provided the Turkish media group’s troubles with regulators and a $3.3bn tax fine are “resolved successfully”, the two companies said on Thursday.

Dogan Holding, the media group’s parent, has been hit in recent months by a string of regulatory decisions against it, including the record fine.

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