Surprise sale: Ciner Yayın Holding transfers its shares

Ciner Yayın Holding has transferred all of its shares to the Can Group, which also owns institutions such as Bilgi University and Doğa Colleges. The official statement also confirmed that the contract has been signed.

TURGAY CİNER EXITS MEDIA

With this sale, the brands HABERTÜRK, SHOW TV, BLOOMBERG, AND HT SPOR have also changed hands. Turgay Ciner, who has been involved in the media for a very long time, has thus exited the media sector.

PARK GROUP ISSUES STATEMENT!

"In line with its goal of achieving global leadership in the mining industry, which is its core sector, the Park Group has decided to terminate its media investments.

Within the framework of this decision, a contract has been signed for the transfer of all of the Park Group's shares in Ciner Yayın Holding to the Can Group, which also includes important educational/cultural institutions of our country such as Bilgi University and Doğa Colleges. The transfer will come into effect following the approval of the Competition Board.

We respectfully announce this to the public with the belief that this transfer will bring a new breath and strength to the media and our media employees."

News Source: 12punto