Deals of the day-Mergers and acquisitions
Deals of the day-Mergers and acquisitions June 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Thursday:
** French cosmetics group L'Oreal OREP.PA will acquire a majority stake in India's Innovist, it said, as it looks to step up its share of one of the world's fastest-growing markets.
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** Britain's Intertek ITRK.L has reached an agreement to be taken private by Swedish private equity firm EQT EQTAB.ST for about £10.9 billion ($14.5 billion) including debt, the companies said.
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** Private equity fund EQT is acquiring Berlin-based space company Exolaunch, which helps satellite companies launch into orbit by partnering with rocket operators such as Elon Musk's SpaceX.
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** China's Yangtze Memory Technologies Holdings, the parent company of top flash-memory-chip maker Yangtze Memory Technologies (YMTC), sold its 39% stake in Wuhan Xinxin Integrated Circuit to a local-government-controlled chip investment entity, the Chongqing municipal market regulator said in a statement.
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** KKR is in advanced talks to buy a majority stake in the Indian business of Sweden's Medicover MCOVb.ST for at least $1 billion, a source with direct knowledge of the matter said, a deal that would expand its healthcare bet in the world's most populous nation.
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** Singapore-based online car marketplace Carro has bought Australian used-car platform CarPlace, marking its entry into Australia and expanding its reach to eight markets, the company said.
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** Biogen BIIB.O has struck a deal to acquire private biotechnology company RayThera for up to $1 billion, the companies said on Wednesday, as the U.S.-listed drugmaker seeks to expand its pipeline in immunology.
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(Compiled by Rajarshi Roy and Sanskriti Shekhar in Bengaluru)