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The Ofer Brothers Group (Hebrew: קבוצת האחים עופר) was an Israeli family shipping business started by the billionaire Ofer family which is today known as XT Group.
History
Sammy Ofer, KBE (22 February 1922 – 3 June 2011) born in Romania, and brother Yuli Ofer (1924 - 11 September 2011), established the Ofer Brothers shipping company in the 1950s. The Ofer Holdings Group dealt in property in Israel. The company branched out into aviation, high-tech, private equity, insurance, media and real estate. It became known as XT Group in November 2012 and is jointly owned by Idan Ofer and Udi Angel.
Shares in Israel Corporation, one of Israel's largest holding companies, were acquired by the Ofer family in 1999, with the then Ofer Holdings acquiring a stake as part of the extended group. The company's holdings include Zim, Israel Chemicals, Oil Refineries Ltd (BAZAN) in Haifa, Tower Semiconductor and more.
On 3 June 2011, Sammy Ofer died at his Tel Aviv home at the age of 89. On 11 September 2011, Yuli Ofer died at his Herzliya home at the age of 87.