noun
- the act or process of selling off or disposing of business assets, investments, or subsidiaries
Usage: business; finance
Examples
- The company announced several divestitures to focus on its core business.
- The divestitures helped reduce the corporation’s debt burden significantly.
- Shareholders approved the board’s plan for strategic divestitures.
- The oil company’s divestitures included three refineries and a pipeline.
- These divestitures will allow the firm to concentrate on renewable energy.
- The regulatory approval process delayed the planned divestitures by six months.