Opera monetizes some OPay shares

Oslo, Norway, June 10, 2021 /PRNewswire/ – Opera Limited (NASDAQ:OPRA) (“Opera”), one of the world’s largest Internet consumer brands with hundreds of millions of users worldwide, announced that it has monetized its 29% equity in OPay Limited (“OPay”), thereby obtaining 31.1 million USD Compared with the book value of the sold shares.

“We are very impressed with OPay’s rapid growth and its rise as a leading fintech company in Africa,” Mr. commented. Frod Jacobson, CFO of Opera. “At this time, Opera decided to realize its 29% of OPay ownership gains while retaining its 71% stake as OPay continues its growth journey. This transaction shows that Opera creates value for its shareholders beyond its core growth business. By focusing on investing in companies that we have a good understanding of business models and markets-including OPay, Nanobank and Starmaker.”

About opera

Opera is a global network innovator. Opera’s browsers, news products, and financial technology solutions are the trusted choice of hundreds of millions of users around the world.Opera is headquartered in Oslo, Norway And listed on the Nasdaq Stock Exchange (OPRA).Download Opera browser from the following location www.opera.com.

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Source Opera Co., Ltd.

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