1. the act of selling off or disposing of business assets, investments, or subsidiaries
Usage: business; finance
2. the process of removing or stripping away something, especially clothing or possessions
Usage: formal

Examples

• The company announced major divestments of its overseas operations.
• Pension funds are considering divestments from fossil fuel companies.
• The divestments helped reduce the corporation’s debt significantly.
• Environmental activists called for divestments from polluting industries.
• The merger required several divestments to satisfy regulatory concerns.
• University endowments faced pressure for divestments from certain sectors.