After Israel's independence in 1948, the extraction of minerals from the Dead Sea carried on with the establishment of Dead Sea Works Ltd.
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In 1994 the Ofer Brothers were among the purchasers of the controlling interest in the Mizrahi Bank, and in 1999 the family purchased the Israel's largest holding company Israel Corporation and in addition acquired several properties from the Israeli government among them the Oil Refineries in Haifa, Israel Chemicals and Zim.