12th December 2019
![](https://www.atheneum.ai/wp-content/uploads/2019/12/Atheneum-DealsInFocus-Logo-JaguarLandRover.jpg)
Key Atheneum Experts
Former Senior Global Product Manager – Jaguar Land Rover
Former Chief Engineer – JLR
Former UK Sales Director – JLR
Key Information
Automotive
HQ – UK
Operations – Global
Jaguar Land Rover global sales dropped 3.4% year-on-year for November. This comes despite a 29% year-on-year increase in sales in China – a 5th consecutive month of double-digit sales growth in the country. In addition, Moody’s Investors Service, S&P Global Ratings and Fitch Ratings all have a negative credit outlook for JLR. This is largely due to uncertainty around Brexit and the US threat of tariffs on car imports from Europe.
![](https://www.atheneum.ai/wp-content/uploads/2019/12/Atheneum-DealsInFocus-Logo-EDF.jpg)
Key Atheneum Experts
Former Head of Innovation – EDF
Former CEO – EDF Renewable Services
Former Head of Business Continuity and Crisis Management – EDF
Key Information
Energy
HQ – UK
Operations – UK
French energy provider EDF have recently attracted demand for a €500m hybrid capital bond issue. Bond trading volumes jumped more than four times the daily average on 10th December. Recent news of investment in a $221m Ivory Coast Biomass Plant, French nuclear energy availability rising to 74%, and the announcement of Graphitech (a graphite nuclear decommissioning unit) are said to have influenced this spike.
![](https://www.atheneum.ai/wp-content/uploads/2019/12/Atheneum-DealsInFocus-Logo-TullowOil.jpg)
Key Atheneum Experts
Former Head of Business Development and Commercial – Tullow Oil
Former Managing Director – TO
Former VP – Kosmos Energy (rival)
Key Information
Energy
HQ – UK
Operations – Global
The oil and gas giant Tullow have lost around 80% of its market value in the past month, increasing interest for acquisition. A CEO exit, major production-guidance revision and dividend suspension all point towards shaky times to come for Tullow. There have been large bond outflows in the last month.
![](https://www.atheneum.ai/wp-content/uploads/2019/12/Atheneum-DealsInFocus-Logo-Intelsat.jpg)
Key Atheneum Experts
Former Senior Sales Director – Intelsat
Former CMO – Inmarsat (rival)
European VP Sales – Eutelsat (rival)
Key Information
Communications
HQ – Luxembourg
Operations – Global
Intelsat stock has declined over 70% this year with a significant drop coming in the last month. The US Federal Communications Commission recently announced that it would publicly auction C-band spectrum for 5G telecommunications development – this has heavily affected satellite operators such as Intelsat. Bond prices have halved in the last month.
![](https://www.atheneum.ai/wp-content/uploads/2019/12/Atheneum-DealsInFocus-Logo-Teva.jpg)
Key Atheneum Experts
Former Director of Business Development – Teva Pharma
Former VP & Head of Pricing Europe – Teva Pharma
Head of Corporate Strategy & Innovation – Roche (rival)
Key Information
Pharmaceuticals
HQ – Israel
Operations – Global
Teva Pharmaceuticals recently announced that they have completed a debt tender offer of $2.1bn, upsizing their initial $1.5bn offering. The Israeli-US firm ended Q3 with a net debt of $25.7bn, significantly down from the $34bn figure it had around this time 2 years ago. However, rising legal liabilities and eroding revenues due to the flatlining US market for generics have led to a downward outlook for the firm.