Maxima Sells Payment Company Sollo to Latvian Firm Onebill

Retail group Maxima has sold its payment company Sollo to Latvian business Onebill, according to recent business reports. The transaction transfers ownership of the payment service provider to the Riga-registered firm, marking a shift in the corporate structure surrounding the retail giant’s financial technology holdings.

The divestment of Sollo aligns with Maxima’s ongoing corporate adjustments regarding non-core operations. Financial details regarding the purchase price have not been publicly disclosed in the initial reporting from business news sources. Onebill, operating out of Latvia, assumes control of the payment platform following the agreement between the involved corporate entities.

Sollo has functioned within the broader ecosystem supporting Maxima’s commercial footprint, handling specific payment processing operations. The acquisition by Onebill places the payment institution under new regional management based in Latvia. Corporate registries indicate Onebill is structured to manage financial services and billing infrastructure within the Baltic market.

Market observers note that corporate divestments of financial subsidiaries often allow major retail groups to streamline operations and focus on core supermarket activities. Further regulatory approvals or clearance requirements regarding the Sollo transfer depend on regional competition and financial watchdogs in the Baltic states. Additional updates on the integration of Sollo into Onebill’s corporate portfolio are expected as administrative procedures conclude.