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Australian private firm hires Macquarie for sale that could fetch $1.5 billion

Reuters  |  SYDNEY 

SYDNEY (Reuters) - BGC, one of Australia's biggest privately owned companies, said on Tuesday it has hired Macquarie Group to find a buyer for the business, in a possible deal that local media said would be worth about A$2 billion ($1.5 billion).BGC, or Buckeridge Group of Companies, was entirely owned by its founder, Leonard Buckeridge, since he started it in 1960 and came to dominate residential and commercial construction in Western Australia state.After Buckeridge died in 2014, the company went to his family. Local media reported earlier this year that the family wanted to sell the ...

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First Published: Tue, December 04 2018. 14:52 IST