Hawaiian Electric sells 90% interest in American Savings Bank
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Hawaiian Electric Industries has completed the sale of a 90.1% stake in American Savings Bank to raise funds for a wildfire settlement.

December 31, 2024 | 7:45 pm
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Hawaiian Electric Industries has sold a 90.1% stake in American Savings Bank to raise funds for a wildfire settlement.
The sale of a significant stake in American Savings Bank is a strategic move by Hawaiian Electric Industries to raise funds for a wildfire settlement. This could positively impact HE's stock price as it addresses financial liabilities and potentially strengthens its balance sheet.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90