Duckyang deal leaves Visteon with two to go

Visteon has taken another key step towards its goal of offloading its interiors business. The supplier has reached an agreement to sell the 50% stake it holds in Korean automotive interiors joint venture Duckyang Industry to unspecified management shareholders of Duckyang and associated parties. The share sale will provide Visteon with US$24.1m directly, along with … Continued

Visteon has taken another key step towards its goal of offloading its interiors business. The supplier has reached an agreement to sell the 50% stake it holds in Korean automotive interiors joint venture Duckyang Industry to unspecified management shareholders of Duckyang and associated parties. The share sale will provide Visteon with US$24.1m directly, along with US$5.9m in dividends.

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https://www.automotiveworld.com/articles/duckyang-deal-leaves-visteon-two-go/

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