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Central Pacific in talks for funds to buy Hawaiian Electric bank, Bloomberg says

Central Pacific in talks for funds to buy Hawaiian Electric bank, Bloomberg says

Central Pacific Financial (CPF)is in talks to raise $1B from some alternative asset managers to help buy rival American Savings Bank FSB fromHawaiian Electric Industries (HE) as the utility ownergrapples withhuge losses in the aftermath of last year’s wildfires on Maui, people familiar with the matter told Bloomberg’s Gillian TanandMatthew Monks.

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