Deals

Turkish Billionaire Dogan Plans to Enter Investment Banking

Dogan Holding confirms it’s looking into invesment banking
Return to banking comes after sale of retail bank in 2005

Aydin Dogan in his office in Istanbul on Feb. 24, 2009.Photographer: Murad Sezer/AP

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By Asli Kandemir and Kerim Karakaya

September 9, 2019 at 2:22 PM UTC

Updated on

September 10, 2019 at 7:04 AM UTC

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Turkish billionaire Aydin Dogan is planning to enter investment banking after exiting consumer lending 14 years ago and breaking up a media empire that once put him in running battles with President Recep Tayyip Erdogan.

Dogan Sirketler Grubu Holding AS will either buy an existing investment bank or apply for a license to start one, according to people with knowledge of the matter, who asked not to be identified as the matter is private.