* In talks on sale of Prime Fund Solutions business
* Fortis NL says negotiations exclusive
(Adds details on PFS)
AMSTERDAM Dec 18 Nationalised Dutch bank Fortis
Bank Nederland [FORTH.UL] on Friday said it is in exclusive
talks with Credit Suisse CSGN.VX on the sale of its Prime Fund
Solutions fund services business.
FBN provided no further details, saying it would make more
available "when appropriate."
Prime Fund Solutions, or PFS, provides fund services to the
alternative asset management industry. The business, which dates
to 1969, has offices around the world and serves clients from
boutiques to pensions and sovereign wealth funds.
FBN, which was nationalised by the Dutch state in Oct. 2008,
has been shedding assets all year.
In September it sold its trust and corporate management
business Intertrust to a private equity firm, while its
commercial banking unit was also said to be on the block at that
time. [ID:nL4343648] [ID:nLN458927]
Earlier this year, sources said that Deutsche Bank
(DBKGn.DE) was eyeing a purchase of the PFS business.
(Reporting by Ben Berkowitz; Editing by Hans Peters)