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BRIEF-Joyce says unit to purchase 51 pct of equity of Lloyds Online Auctions Pty Ltd

Published 04/07/2016, 08:01 pm
Updated 04/07/2016, 08:10 pm
© Reuters.  BRIEF-Joyce says unit to purchase 51 pct of equity of Lloyds Online Auctions Pty Ltd
JYC
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July 3 (Reuters) - Joyce Corporation Ltd JYC.AX :

* Says unit Joyce International to purchase 51 per cent of the equity of lloyds online auctions pty ltd

* Says lloyds business estimates its auction turnover will be A$50 million for the 2017 financial year

* Acquisition is anticipated to be earnings accretive for Joyce Corp adding estimated A$10 million in revenue to Joyce Corp in FY 2017

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