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English definition of “divest”

divest

verb [I or T]     /dɪˈvest/
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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