corporatize
verb [ I or T ]
uk/ˈkɔːpərətaɪz/ us( UK also corporatise) ECONOMICS, GOVERNMENT
to change a government organization into a privately owned company:
Postal and telecommunication services were corporatized with the establishment of two separate companies.
corporatization
noun [ U ] ( UK also corporatisation)
Reforms such as corporatization, privatization and the introduction of new financial management systems have led to major improvements.