divestiture
noun [ C or U ]
uk/daɪˈvestɪtʃər/ us/dɪˈvestɪtʃər/ FINANCE
the act of selling an asset, a business, or a part of a business:
The planned reforms include the restructuring and divestiture of public enterprises.
Our experience in corporate finance includes mergers and acquisitions, divestitures and restructurings.