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Olivier died at age 69 in a helicopter crash not far from Deauville, Normandy Dassault, deputy from the right of the Republicans and son of the aeronautical and helicopter industrialist Serge dassault. President Emmanuel Macron he tweeted that he “loved France. Industry captain, deputy, local administrator, aviation commander: throughout his life he has always served our country, valuing its qualities. His sudden death is a great loss. ” Olivier Dassault was the son of the industrialist, businessman, politician and billionaire Serge dassault, who died in 2018 and in turn the son of Marcel Dassault, engineer and founder of the family empire. The assets of Olivier Dassault, his two brothers and his sister are valued at around € 5 billion each.
The disappearance must not destabilize the French aeronautical group headed by Gimd family tenure which controls 62% of Dassault Aviation and 41% of Dassault Systemes. Gimd also controls the publishing group Le Figaro, also has industrial investments that include BioMérieux (5.1%) and is present in other sectors such as real estate and wine. The family’s total assets are estimated at more than 50 billion euros. Olivier’s father, Serge Dassault, notes’The echoes’“He had preferred to leave his children at a distance” from the leader of the group. “He argued that the engineering diploma and pilot’s license of his assistant son, who was fond of photography, were not enough to entrust him with the leadership of the aircraft manufacturer. The disputes between the children prompted him to distance them as much as possible from the life of the company ”, underlines the French business newspaper.
For this reason, the former president of Dassault Aviation had organized the succession in great detail. The children, in turn, preside over the Supervisory Council of the Gimd family exploitation but their management and operational presidency has been entrusted Charles Edelstenne. The latter can preside according to the statutes of the company for two more years until he is 85 years old ”. So it will probably depend on Eric Trappier, the current CEO of Dassault Aviation or Bernard Charlès, the current CEO of Dassault Systems, assume the leadership of the group.
In terms of equity capital, 88% of the family-owned Gimd has already been distributed to Serge Dassault’s fourteen grandchildren, while the 4 children directly own “only” 3% of the company. The family has the right of first refusal for any transfer of shares by one of the members. As for Dassault Aviation, which is one of the main suppliers to the French army, there are additional clauses that provide for a right of first refusal of the French State in the event that Gimd’s stake falls below 40% of the capital.
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