DMG to raise capital

December 04 2008 17:55:16

DMG to raise capital

Bloomberg

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Doğan Holding and Doğan family members, the main owners of DMG, will buy 183.5 million shares, which were trading at Ykr 64 yesterday afternoon, according to a filing with the Istanbul Stock Exchange yesterday. DMG shares lost 86.5 percent of their value since Jan. 1.Meanwhile, Doğan Holding shares were downgraded to "neutral" from "overweight" by analyst Bülent Yurdagül at HSBC. The price target is YTL 1.35 per share.

Daily News is a Doğan Media Group publication.

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