divest


to get rid of, to sell off

TRANSLATION

abstoßen, verkaufen, entledigen, entblößen

STATISTICS

IN THE PRESS

“At the same time, the company is phasing out low-margin businesses. HP sold its interest in a joint venture with Ericsson, for instance. ‘We will continue to DIVEST non-strategic businesses,’ Fiorina said.

(Michael Kanellos in ‘Hewlett-Packard shares skid despite strong sales’ - CNET News.com, August 17, 2000)

Did you
know?

di·vest

In a business context this verb means to sell off, e.g., a subsidiary company or an investment.

Here are the various dictionary definitions:

1. To strip, as of clothes.

2. a. To deprive, as of rights or property; dispossess.
b. To free of; rid:

3. To sell off or otherwise dispose of

[Alteration (influenced by Medieval Latin dvestre, to undress), of devest.]

Source: The American Heritage® Dictionary of the English Language, Fourth Edition    

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