1. the act or process of selling off or disposing of assets, subsidiaries, or business units, typically by a company or organization
Usage: commonly used in business and finance contexts
2. the removal or stripping away of something, such as rights, authority, or property
Usage: formal or legal usage

Examples

• The company announced the divesture of its unprofitable division.
• The divesture of assets helped the firm reduce its debt.
• Shareholders approved the divesture of the subsidiary.
• The divesture process took several months to complete.
• Environmental concerns prompted the divesture of fossil fuel investments.
• The board decided on a strategic divesture to focus on core operations.