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Visteon Corp completes sale of Yanfeng joint venture

Thursday, 19 Dec 2013 08:30am EST 

Visteon Corp:Says it has completed the sale of 50 pct ownership interest in its Chinese joint venture Yanfeng Visteon Automotive Trim Systems Co., Ltd to Huayu Automotive Systems Co., Ltd.Says it expects to receive more than $1 bln in total after-tax proceeds as a result of the series of transactions. 

Company Quote

0.25 +0.29%
2:14pm EDT