Central Pacific Reportedly Nearing Deal To Acquire Hawaiian Electric's Bank; A Sale Would Help Hawaiian Electric's Finances After Maui Fire; Warburg, Centerbridge, Atlas Are Said In Talks To Fund Deal
Portfolio Pulse from Benzinga Newsdesk
Central Pacific is reportedly close to acquiring Hawaiian Electric's bank, which could improve Hawaiian Electric's financial situation following the Maui fire. Warburg, Centerbridge, and Atlas are in talks to fund the deal.
September 16, 2024 | 7:24 pm
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Hawaiian Electric is nearing a deal to sell its bank to Central Pacific, which could improve its financial health after the Maui fire. This sale is likely to be funded by Warburg, Centerbridge, and Atlas.
The sale of the bank would provide Hawaiian Electric with much-needed financial relief following the Maui fire, which could positively impact its stock price.
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