July 5 (Reuters) - Joyce Corporation Ltd JYC.AX :
* Purchased 51% equity in Lloyds (LON:LLOY) Online Auctions Pty Ltd
* JYC expects transaction to be earnings per share and EBITDA accretive in FY
2017
* Deal for initial payment of $6 million
* Lloyds EBITDA expected to be > $3 million in FY 2017
* Jyc will have 3x directors appointed to the lloyds board
* On a fully franked basis Lloyds is expected to add 3.85 cents net earnings per share to JYC in FY 2017
* Total group network written sales forecast to be $170M-$200M in FY 2017
* Deal expected to add $10 million to Jyc'S consolidated revenue, an expected uplift of nearly +22% on FY 2016
* Source text for Eikon ID:nASX8b6w2s