# 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.

- Type: Acquisition
- Announced: 2021-09-30
- Where: China, China
- Value: $695.0M
- Status: completed
- Products: automotive seating
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Adient](https://endata.com/companies/17892.md)
- [Adient](https://endata.com/companies/17892.md) (acquirer)
- [Yanfeng Automotive Trim Systems](https://endata.com/companies/44916.md) (partner)
- [Yanfeng Adient Seating Co., Ltd.](https://endata.com/companies/58029.md) (target)
- [Chongqing Yanfeng Adient Automotive Components Co., Ltd.](https://endata.com/companies/58030.md) (target)
- [Yanfeng Adient (Langfang) Seating Co., Ltd.](https://endata.com/companies/58031.md) (target)

## Sources

- [investors.adient.com](https://investors.adient.com/news-releases/2021/09-30-2021-120153825), 2021-09-30: "Adient closes previously announced transactions, strategically transforming its business in China."
- [prnewswire.com](https://www.prnewswire.com/news-releases/adient-closes-previously-announced-transactions-strategically-transforming-its-business-in-china-301388664.html), 2021-09-30: "Adient today announced that it has closed the transactions contemplated by its previously announced definitive agreements with joint venture partner Yanfeng Automotive Trim Systems Ltd. (YF) to, among other items, end its YFAS joint venture in China."

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