Hawaiian Electric Agrees To Sell Its Bank Subsidiary
The Wall Street Journal|January 02, 2025
Deal could help it as it resolves a nearly $2 billion agreement related to 2023 fires
GINA HEEB
Hawaiian Electric Agrees To Sell Its Bank Subsidiary

Hawaiian Electric Industries agreed to sell its community bank subsidiary to a group of investors on Tuesday. The deal could help the company as it resolves a nearly $2 billion settlement related to the Maui wildfires.

The group of nearly a dozen investors will pay around $405 million for a roughly 90% stake in American Savings Bank, the company said, while Hawaiian Electric will retain the rest.

هذه القصة مأخوذة من طبعة January 02, 2025 من The Wall Street Journal.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 02, 2025 من The Wall Street Journal.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.