The Jordanian Panmed group sets its sights on Italy for new investments, scrutinizing the purchase of two businesses located in the vicinity of Arezzo. The announcement came from the group’s president herself, Shermine Dajani, in an interview she gave to Il Sole 24 ore, specifying that the group’s interest in Tuscan businesses pertains to Arezzo’s TTE – a company that designs plant and network infrastructures; and Cometi, located in Sansepolcro (in the Arezzo province) – a company that specializes in shelters for photovoltaic and TLC, but that also has a railway division that produces machinery to repair and maintain tracks. Both companies have experienced a period of extraordinary administration, due to the difficulties experienced by the group to which they belonged, and are currently seeking a new, solid investor to support their development. TTE counts nearly 300 employees, while Cometi employes approximately 50 people.
Pandem Energy is the flagship company for the Jordanian group founded in 1921 by Wafa Dajani, the first Arab agent for Mobil Oil. The company specializes in the design of plants for renewable energies but is also working on feasibility studies pertaining to energy networks in the western corridor of the Mediterranean, with a focus on the energy networks between Europe and the North Africa- Middle East area.
The group’s first operation in Italy did not pertain to the renewables sector, but instead to Dajani family’s purchase of Alitalia Maintenance System – the company that maintains the aeronautical engines – stocks. The next investments will instead deal with plant design: beyond the two companies in Arezzo, Panmed is also evaluating an intervention in Ghisamestieri (illumination and urban décor) near Cesena and Lecce’s Italgest (renewables). There are many Italian assets whose assets should be increased, according to Shermine Dajani, who has program of investments in our country totaling 250 million over five years.
In partnership with IlSole24Ore