Frans has written a new company report regarding this news 
The FCCA (Kilpailu- ja kuluttajavirasto) has approved the significant BLC Turva acquisition with reasonable and expected concessions, which removes the associated uncertainty. The deal makes Loihde the largest security technology provider in Finland. We see the industrial logic of the arrangement as sound and believe it will clearly increase earnings per share despite the concessions. In our view, the valuation has once again become attractive following the share price decline, even in the short term (adj. P/E 13-14x, dividend yield 6-7%), relative to the company’s earnings growth outlook and the value creation potential of the BLC Turva deal. We upgrade our recommendation to Accumulate (prev. Reduce) but lower our target price to EUR 14.40 (prev. EUR 14.60) after accounting for the concessions in the BLC Turva deal.