# 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.

- Type: Acquisition
- Announced: 2020-01-31
- Where: Shanghai, China
- Value: $379.0M
- Status: announced
- Products: automotive seating, seating mechanisms
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Adient](https://endata.com/companies/17892.md)
- [Adient](https://endata.com/companies/17892.md) (target)
- [Yanfeng Automotive Trim Systems](https://endata.com/companies/44916.md) (acquirer)

## Sources

- [adient.com](https://www.adient.com/media/news/2020/01/31/adient-enters-into-agreement-with-joint-venture-partner-yanfeng-to-restructure-existing-joint-venture-relationships-and-drive-shareholder-value/), 2020-01-31: "Adient has agreed to sell its 30 percent ownership stake in YFAI to Yanfeng for US$ 379 million."
- [yanfeng.com](https://www.yanfeng.com/cn/yanfengjiasuquanqiuhuajinchengyuandaotadachengyilanzixieyi), 2020-02-02: "延锋拟出资3.79亿美元，收购安道拓持有的延锋汽车内饰系统有限公司30%股权"
- [autonews.gasgoo.com](https://autonews.gasgoo.com/articles/news/adient-enters-into-agreement-with-joint-venture-partner-yanfeng-to-restructure-existing-joint-venture-relationships-and-drive-shareholder-value-70016818), 2020-02-02: "Adient has agreed to sell its 30 percent ownership stake in YFAI to Yanfeng for US$ 379 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.