Jan 31, 2020ACQUISITIONShanghai, China Adient to sell 30% stake in YFAI to Yanfeng for $379M
Adient has agreed to sell its 30 percent ownership stake in Yanfeng Global Automotive Interior Systems (YFAI) to Yanfeng for $379 million, and sell patents for $20 million, while extending the YFAS joint venture to 2038.
Productsautomotive seatingseating mechanisms
“Adient has agreed to sell its 30 percent ownership stake in YFAI to Yanfeng for US$ 379 million.”adient.com
- 3 sources
- adient.comAdient enters into agreement with joint venture partner Yanfeng to restructure existing joint venture relationships and drive shareholder valueJan 31, 2020
- yanfeng.com延锋加速全球化进程，与安道拓达成一揽子协议 | 延锋官网Feb 2, 2020
- autonews.gasgoo.comAdient enters into agreement with joint venture partner Yanfeng to restructure existing joint venture relationships and drive shareholder value | GasgooGasgooFeb 2, 2020
Summarized from public sources; check the original articles before acting on it.
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