Tipico to issue third dividend, 620 mln euros, to CVC: Reuters

CVC is taking another dividend payment of up to 620 million euros ($691.2 million) out of Tipico, Reuters is reporting. The deal brings total shareholder payments to more than 1 billion euros since CVC acquired the German sports betting group in 2016, the story said. CVC will no longer have an equity stake after the current dividend, Reuters said.