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TGS Baltic Advises Opera Limited on Acquisition of Fjord Bank

TGS Baltic Advises Opera Limited on Acquisition of Fjord Bank

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TGS Baltic has advised Opera Limited, an Internet browser provider with more than 360 million users, on its acquisition of Fjord Bank.

Fjord Bank is a full-digital consumer finance bank with head office in Vilnius, Lithuania. In December 2019, it was granted a specialized bank license by the European Central Bank, following the assessment and proposal of the Bank of Lithuania.

According to TGS Baltic, “the acquisition will enable Opera to further accelerate its FinTech operations in Europe by launching new, disruptive services aimed at improving consumers’ personal finances.”

TGS Baltic’s team included Partners Aurimas Pauliukevicius and Zygimantas Stankevicius and Associates Rimante Butkute, Julija Skardziute, and Karolina Lapinskaite.

TGS Baltic did not reply to our inquiry on the matter.

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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