Financial Times

Austria's Signa buys Karstadt for €1

Move ends weeks of speculation over the lossmaking German company, which employs 17,000 people, following the July departure of its chief executive

Milanese investor, who has a record of investing in powerful and respected brands, believes other bidders undervalued the company's potential

Featuring cybersecurity, China probe, Serco, Kinder Morgan and RBS

Acquisition would be latest in a wave of consolidation among drugmakers, but Japanese company denies it is in any talks with the Swiss group

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