divest
v.to sell off a company's assets or shares in another company. You do this to reduce risk or to follow a specific investment strategy.
v.to sell off an asset, such as a company or shares, as part of a strategic or financial decision. Often used in the context of corporate finance or investment management.
“The company decided to divest its shares in the failing bank.”
“To reduce its environmental impact, the firm chose to divest from all fossil fuel industries over the next five years.”
“The board of directors voted to divest from the manufacturing division, citing the high costs of modernization and the lack of a clear long-term growth strategy.”
“In 2024, former President Biden pushed for TikTok to be either banned, or have the company divest its US operations.”
Alteration of devest, from Middle French devester (“strip of possessions”), from Old French desvestir, from des- (“dis-”) + vestir (“to clothe”).
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.