1. The act or process of selling off or disposing of assets, subsidiaries, or business units by a company or organization.
Usage: Usually plural; commonly used in business and finance contexts
2. The removal or stripping away of something, especially rights, power, or authority.
Usage: Formal or legal usage; less common than the business sense

Examples

• The company announced several divestures to focus on its core business.
• Strategic divestures helped the corporation reduce debt and improve profitability.
• The bank's divestures of non-performing assets strengthened its balance sheet.
• Following the merger, management planned multiple divestures of redundant operations.
• Investors welcomed the divestures as a sign of improved financial discipline.
• The divestures of colonial holdings marked a significant shift in global politics.