insto - Australian financial markets

NAB is reportedly looking at a capital raising of up to $3 billion to fund acquisitions, such as its bid for AXA Asia Pacific and possibly a portfolio of RBS branches in the UK.

German building and construction giant Bilfinger Berger says as many as four possible buyers are looking at its Australian unit, which could mean the asset is headed for a trade sale rather than an IPO, worth a possible A$1.5 billion.