Meaning of “divest” in the English Dictionary

(Definition of “divest” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"divest" in American English

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divestverb [ T ]

us /dɑɪˈvest, dɪ-/

to get rid of an investment, part of a business, etc. by selling:

He had encouraged the state to divest such holdings.

If you divest yourself of a property, you get rid of it, usually by selling:

The company has divested itself of some of its money-losing operations.

(Definition of “divest” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"divest" in Business English

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divestverb [ I or T ]

/dɪˈvest/ uk us

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.

Phrasal verb(s)

(Definition of “divest” from the Cambridge Business English Dictionary © Cambridge University Press)