The BGC Group being sold to end dispute over $2.5b Buckeridge estate

The BGC Group, which was founded in WA and became one of Australia's biggest construction companies, will be sold in an effort to settle a family dispute over founder Len Buckeridge's multibillion-dollar estate.

Len Buckeridge died in 2014, leaving behind a huge estate.

The Perth man died at age 77 in 2014, leaving behind an estate worth $2.5 billion.

The stoush has revolved around objections from some of Mr Buckeridge's 15 heirs to receiving their inheritance in BGC shares, instead of in cash.

BGC is worth $2 billion and has interests across Australia in housing, major construction, building products, mining and property.

It is currently run by Mr Buckeridge's sons, Sam and Andrew.

On Thursday Sam Buckeridge confirmed the sale and amendments to his father's will.

"Unfortunately, the arrangements that he set to take effect on his passing made it difficult for the executors to fulfil his wishes and meet the diverse needs of 15 family members located across Australia," he said in a statement.

"For the past three years the family has been working together to agree an outcome.

"We have done this collectively and we have agreed a number of amendments to our father's will to provide for the individual expectations of all family members."

He said the sale would "take as long as it takes".

BGC employees more than 4300 staff.