NETHERLANDS - The two largest Dutch pension funds are in talks to share their stakes in merchant bank NIB Capital to a grouped headed by former Goldman Sachs executive Christopher Flowers.

Civil service scheme ABP and health care plan PGGM, which each own 50% of NIB, confirmed talks with an "international consortium" headed by J.C. Flowers & Co.

They have entered exclusive discussions about a potential acquisition of 100% of NIB's shares. The potential price was not disclosed.

A statement said: "The parties expect to negotiate a final share purchase agreement in the coming weeks."

New York-based Flowers is a $900m (€753.6m) investment fund focused on financial services. Its investors include ABN Amro, AIG, Banco Santander, GE, Goldman Sachs and JP Morgan Chase.

It added that former ABN Amro chairman Jan Kalff is a senior advisor on the transaction.

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