Adient closes transactions to end YFAS joint venture and acquire stakes in China

Adient closed transactions to end its YFAS joint venture with Yanfeng Automotive Trim Systems, selling its 49.99% interest in YFAS and acquiring YFAS's 50% equity interest in CQYFAS and 100% equity interest in YFASLF. Net proceeds at closing totaled $695M.

“Adient closes previously announced transactions, strategically transforming its business in China.”investors.adient.com

• 2 sources
• investors.adient.comAdient closes previously announced transactions, strategically transforming its business in China – AdientSep 30, 2021
• prnewswire.comAdient closes previously announced transactions, strategically transforming its business in ChinaAdientSep 30, 2021

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