# XT Group > Mediated Wiki article. Canonical URL: https://mediated.wiki/source/XT_Group > Markdown URL: https://mediated.wiki/source/XT_Group.md > Source: https://en.wikipedia.org/wiki/XT_Group > Source revision: 1283282835 > License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/) {{Short description|Shipping line}} [[File:Ofer Brothers Office Haifa.jpg|thumb|Office of Ofer Brothers in [Haifa](/source/Haifa)]] The '''Ofer Brothers Group''' ({{langx|he|קבוצת האחים עופר}}) was an Israeli family shipping business started by the billionaire Ofer family which is today known as '''XT Group'''.{{cite web|url=http://www.xtholdings.com/ |title=XT Group, XT holdings, XT shipping |website=Xtholdings.com |access-date=2015-12-07}}{{Cite web|url=https://jewishbusinessnews.com/2014/02/02/ofer-familys-uk-shipping-companies-made-annual-profits-of-100-150-million-over-the-past-decade/|title = Ofer family's UK Shipping Companies Made Annual Profits of $100-150 Million over the Past Decade – Jewish Business News| date=2 February 2014 }} ==History== [Sammy Ofer](/source/Sammy_Ofer), [KBE](/source/Order_of_the_British_Empire) (22 February 1922 – 3 June 2011) born in [Romania](/source/Romania), and brother [Yuli Ofer](/source/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.{{cite web|url=http://www.tradewindsnews.com/liner/article286245.ece5 |title=Ofer Holdings becomes XT | TradeWinds |website=Tradewindsnews.com |access-date=2015-12-07}} Shares in [Israel Corporation](/source/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](/source/Israel_Chemicals), [Oil Refineries Ltd](/source/Oil_Refineries_Ltd) (BAZAN) in [Haifa](/source/Haifa), [Tower Semiconductor](/source/Tower_Semiconductor) and more. The Ofer family is one of 20 families that control 25% of Israel's exchange-listed companies. On May 24, 2011 the [US State Department](/source/US_State_Department) imposed sanctions on the company for violating the [Iranian sanctions](/source/United_States_sanctions_against_Iran) regime. According to the State Department, an Ofer subsidiary based in [Singapore](/source/Singapore) had sold a ship to Iran in 2010. Former [Mossad](/source/Mossad) director [Meir Dagan](/source/Meir_Dagan) has said that he does not believe any laws were broken by the company's business dealings in Iran, which according to company statements involved the transport of oil and [petroleum](/source/petroleum) products in a manner permitted under the sanctions regime. Prime Minister [Benjamin Netanyahu](/source/Benjamin_Netanyahu){{'}}s office denied allegations that the company's dealings in Iran had been authorized by the State of Israel. After Sammy Ofer's death in 2011, Netanyahu made a public statement commending Ofer as a "true [Zionist](/source/Zionist)".{{Cite news| issn = 0362-4331| last = Kershner| first = Isabel| title = Sammy Ofer, Magnate and Israeli Power Broker, Dies at 89| work = The New York Times| access-date = 2018-03-20| date = 2011-06-04| url = https://www.nytimes.com/2011/06/05/world/middleeast/05ofer.html}} On 3 June 2011, Sammy Ofer died at his [Tel Aviv](/source/Tel_Aviv) home at the age of 89.{{cite news|url=http://www.ynet.co.il/articles/0,7340,L-4077808,00.html |title=ynet איש העסקים סמי עופר הלך לעולמו בגיל 89 - חדשות |newspaper=Ynet |date=3 June 2011 |access-date=2015-12-07}} On 11 September 2011, Yuli Ofer died at his [Herzliya](/source/Herzliya) home at the age of 87.{{cite web|url=http://www.ynetnews.com/articles/0,7340,L-4120917,00.html |title=Tycoon Yuli Ofer dies at 87 - Israel Business, Ynetnews |website=Ynetnews.com |date=1995-06-20 |access-date=2015-12-07}} After Sammy's death, the company was divided between his sons; [Eyal](/source/Eyal_Ofer) received the company's hotel and cruise operations and his younger brother [Idan](/source/Idan_Ofer) received [Israel Corporation](/source/Israel_Corporation), a 9.7% stake in [Mizrahi Tefahot Bank](/source/Bank_Mizrahi-Tefahot), and XT Shipping (part of XT Group, formerly Ofer Holdings). The current chairman and joint owner of XT group is Udi Angel.{{Cite web| title = As Zim sinks, Ofer family's UK shipping cos prosper - Globes English| work = Globes| date = 2 February 2014| access-date = 2018-03-20| url = http://www.globes.co.il/en/article-as-zim-sinks-ofers-uk-shipping-prospers-1000914096}} ==See also== *[Science and technology in Israel](/source/Science_and_technology_in_Israel) *[Economy of Israel](/source/Economy_of_Israel) *[The Shakshuka System](/source/The_Shakshuka_System) ==References== {{Reflist}} ==External links== * [https://web.archive.org/web/20080215030238/http://www.oferbrothers.com/ Ofer Brothers] * [http://www.xtholdings.com/ XT Holdings] Category:Ofer family Category:Israeli businesspeople Category:Shipping companies of Israel Category:Israeli people of Romanian-Jewish descent --- Adapted from the Wikipedia article [XT Group](https://en.wikipedia.org/wiki/XT_Group) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/XT_Group?action=history)). 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