Ofer Brothers Group

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Office of Ofer Brothers in Haifa

The Ofer Brothers Group (Hebrew: קבוצת האחים עופר‎) was an Israeli family shipping business started by the Ofer family which is today known as XT Group.[1]

History[edit]

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.[2]

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.[3] On 11 September 2011, Yuli Ofer died at his Herzliya home at the age of 87.[4]

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