# Adient modifies divestment agreement with Yanfeng Automotive for 30% stake in YFAI

Adient has agreed to modify its definitive agreement with Yanfeng Automotive Trim System to sell its 30% stake in YFAI for USD 369 million.

- Type: Acquisition
- Announced: 2020-06-24
- Value: $369.0M
- Status: announced
- Products: automotive interior components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Adient](https://endata.com/companies/17892.md) (target)
- [Yanfeng Automotive Trim System](https://endata.com/companies/48114.md) (acquirer)

## Sources

- [autotechinsight.spglobal.com](https://autotechinsight.spglobal.com/news/5255849/joint-venture-adient-modifies-divestment-agreement-with-chinese-partner-yanfeng-automotive), 2020-06-25: "Adient has agreed to modify its previously announced definitive agreement with Yanfeng Automotive Trim System for the sale of its 30% stake in YAFAI."

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