# 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.

- Type: Acquisition
- Announced: 2020-08-21
- Where: United States
- Value: $309.0M
- Status: completed
- Products: automotive seating, interior systems
- 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

- [prnewswire.com](https://www.prnewswire.com/news-releases/adient-announces-closing-of-previously-announced-transactions-with-joint-venture-partner-yanfeng-to-restructure-existing-joint-venture-relationships-301116264.html), 2020-08-21: "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."

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