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Turkey's Dogan Holding sells stake in Romania's SC D-Yapi to unit DHI Investment

Dec 22, 2014, 3:43:02 PMArticle by Yurkie Ali
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ISTANBUL (Turkey), December 22 (SeeNews) – Turkish conglomerate Dogan Sirketler Grubu Holding [BIST:DOHOL] said it has sold its 50% stake in inactive Romanian real estate developer SC D-Yapi Real Estate, Investment and Construction S.A., or SC D-Yapi.

Turkey's Dogan Holding sells stake in Romania's SC D-Yapi to unit DHI Investment

Dogan Holding sold the stake to its wholly-owned unit DHI Investment BV for 10.8 million euro ($8.8 million) in cash, it said in a bourse filing on Friday.

Dogan Holding expects to book a loss of 32.3 million lira from the sale of the stake.

Through its subsidiaries Dogan Holding is active in the media, energy, retail, real estate, industrial and tourism sectors as well as financial services.

($ = 0.816 euro)

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