Adient closes sale of 30% stake in YFAI to Yanfeng for US$309M

Adient closed the sale of its 30% ownership stake in Yanfeng Global Automotive Interior Systems (YFAI) to joint venture partner Yanfeng Automotive Trim Systems for US$309 million in cash, plus up to US$60 million deferred. The term of the YFAS joint venture was extended to 2038.

“Adient received cash proceeds of US$ 309 million related to the sale of Adient's 30 percent ownership stake in Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI) to Yanfeng.”prnewswire.com

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• prnewswire.comAdient announces closing of previously announced transactions with joint venture partner Yanfeng to restructure existing joint venture relationshipsAdientAug 21, 2020

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