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 29% of its stake in OPay Limited ("OPay"), resulting in a gain of US$31.1 million versus the carrying amount of the shares sold.

(PRNewsfoto/Opera Limited)

"We are impressed with OPay's rapid growth and its emergence as a leading African fintech company," commented Mr. Frode Jacobsen, CFO of Opera. "At this time, Opera has decided to realize gains on 29% of its OPay ownership, while retaining 71% of its shares as OPay continues its growth journey. This transaction demonstrates the value Opera has created for its shareholders also beyond its core growth business, through concentrated investments in companies whose business models and markets we understand well - including OPay, Nanobank, and Starmaker."

About Opera

Opera is a global web innovator. Opera's browsers, news products and fintech solutions are the trusted choice of hundreds of millions of users worldwide. Opera is headquartered in Oslo, Norway and listed on the NASDAQ stock exchange (OPRA). Download the Opera browser from www.opera.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/opera-monetizes-part-of-its-opay-stake-301310522.html

SOURCE Opera Limited

Copyright 2021 PR Newswire

Opera (NASDAQ:OPRA)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Opera Charts.
Opera (NASDAQ:OPRA)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Opera Charts.