1. the act of selling off or disposing of business assets, investments, or subsidiaries
Usage: business; finance
2. the act of giving up or getting rid of something
Usage: formal

Examples

• The company announced the divestiture of its overseas operations.
• The divestiture of the subsidiary was completed last month.
• Shareholders approved the divestiture plan at the annual meeting.
• The court ordered the divestiture of monopolistic holdings.
• The divestiture resulted in significant cost savings for the corporation.
• Environmental groups called for divestiture from fossil fuel companies.