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CVC Capital Partners acquires majority stake in Tipico

25th April 2016 7:53 am GMT

Private equity firm CVC Capital Partners has significantly expanded its gambling asset portfolio, signing a deal to acquire a majority stake in German-facing betting operator Tipico Group.

CVC has signed a binding agreement, the financial details of which have not been disclosed, which will see Tipico’s current proprietors remain shareholders of the business.

While the details have not been disclosed, sources suggest that CVC now holds a stake of around 60 per cent in the operator, with the [...]

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