The sale of Gjensidige’s Baltic operations has been succesfully completed

ERGO International AG, managing ERGO Group’s international business portfolio, on 2 January 2026 announced the closing of the acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurer Gjensidige Forsikring ASA, including its branches in Estonia and Latvia. All conditions necessary for the completion of the transaction have been fulfilled according to schedule, such as the required regulatory approvals in Lithuania, Latvia and Estonia.

ERGO International AG was advised by Ellex M&A, competition and regulatory teams: Augustinas Mačionis, Lina Radavičienė, Lorena Nomeikaitė, Eglė Petrošiūtė-Marozė, Arvydas Grušeckas, Šarūnas Keserauskas, Marius Juonys, Liga Merwin, Martin Maesalu, Sven Papp, Filips Klavins and Ramūnas Petravičius.

More information about the acquisition is available here.