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divest

 
 
/dɪˈvest/ verb [I or T]

Definition

FINANCE to sell an asset, a business, or part of a business, or to reduce the amount of investment in something: The company will be divesting some assets that no longer fit its profile. We have made a decision to divest from the hotel and casinos business to focus more on drinks sales.
(Definition of divest verb from the Cambridge Business English Dictionary © Cambridge University Press)

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