# Adient to sell 30% stake in Yanfeng Automotive Interiors for $379M

Adient will sell its 30 percent ownership stake in Yanfeng Automotive Interiors to Yanfeng for $379 million, as part of a restructuring of their joint venture relationships.

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

## Companies

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

## Sources

- [dbusiness.com](https://www.dbusiness.com/daily-news/adient-in-plymouth-township-to-restructure-jv-with-yanfeng-to-boost-shareholder-value/), 2020-01-31: "Adient will sell its 30 percent ownership stake in Yanfeng Automotive Interiors in Harrison Township to Yanfeng for $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.