The Finnish Competition and Consumer Authority (“FCCA”) has opened an in-depth investigation into the proposed transaction between Elixia and SATS. Elixia is owned by a Swedish private equity investor Altor Fund III and SATS is owned by TryghedsGruppen, of Denmark. Both parties to the proposed transaction are strong actors in the market for health clubs. The aim of the in-depth investigation is to examine whether the proposed transaction significantly impedes effective competition in Finland. As a result of the in-depth investigation, the FCCA may either approve the proposed transaction as it is, impose conditions on it or submit a proposal to the Market Court to block the proposed merger. Source: The Finnish Competition and Consumer Authority Press Release, 26/11/2013.