Hawaiian Electric sells 90% interest in American Savings Bank
ReutersDec 31, 2024 7:07 PM
Dec 31 (Reuters) - Hawaiian Electric Industries HE.N said on Tuesday it has closed the deal to sell 90.1% stake in its unit American Savings Bank (ASB).
The deal values the bank at $450 million, with the investors purchasing the 90.1% of ASB common stock for a cash consideration of $405 million.
(Reporting by Sourasis Bose in Bengaluru; Editing by Mohammed Safi Shamsi)
((Sourasis.Bose@thomsonreuters.com;))
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