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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 discussions to raise money from some alternative asset managers to help acquire rival American Savings Bank FSB from Hawaiian Electric (HE), Bloomberg’s Gillian Tan and Matthey Monks report, citing people familiar with the matter. Central Pacific is mulling raising $1B to help facilitate the deal from investors including Warburg Pincus, Centerbridge, and Atlas Merchant, the authors note.

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