Dec 6 (Reuters) - HGL Ltd HNG.AX :
* 50% OWNED JOINT VENTURE CO MOUNTCASTLE PTY LTD ENTERED A SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF SHARES IN LW REID PTY LTD
* PRICE OF ACQUISITION IS A MAXIMUM OF $23 MILLION OVER AN 18-MONTH PERIOD, WITH FINANCING THROUGH A COMBINATION OF BANK DEBT AND INTERNAL FUNDS
* COMBINED BUSINESS WILL GENERATE REVENUES IN EXCESS OF $40.0 MILLION.
* ACQUIRED BUSINESS TO BE EPS ACCRETIVE FROM COMPLETION