divest

divest
divest di‧vest [daɪˈvest, d-] verb FINANCE
1. [transitive] if a group divests one of the companies that it owns, it gets rid of it by selling it:

• We fulfilled our commitment to shareholders to divest our downstream business by creating a new company.

2. [transitive] if a company divests assets, it sells them, for example because it needs cash for another activity or to repay debts:

• Where our competitive position is weak, we have continued to divest assets to help fund more profitable ventures elsewhere.

3. [intransitive] to reduce the number of your investments by selling some of them:

• performance reports which may signal that it is time to divest rather than invest

— divestment noun [countable, uncountable] :

• The string of divestments is part of the holding company's effort to lighten its debt load.

— divestiture noun [countable, uncountable] :

• The divestiture of AT&T in 1984 opened up the US telecommunications equipment market.

* * *

divest UK US /dɪˈvest/ verb [I or T]
► 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.


Financial and business terms. 2012.

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Look at other dictionaries:

  • divest — The traditional uses of divest are as a somewhat formal word meaning ‘to undress’ and, in the reflexive form divest oneself of, in the sense ‘to dispossess oneself of’ (typically with reference to rights, powers, etc., or as a humorous… …   Modern English usage

  • divest of — [phrasal verb] formal 1 divest (someone or something) of (something) : to take (something) away from (someone or something else) : to cause (someone or something) to lose or give up (something) The document does not divest her of her right to use …   Useful english dictionary

  • Divest — Di*vest , v. t. [imp. & p. p. {Divested}; p. pr. & vb. n. {Divesting}.] [LL. divestire (di = dis + L. vestire to dress), equiv. to L. devestire. It is the same word as devest, but the latter is rarely used except as a technical term in law. See… …   The Collaborative International Dictionary of English

  • divest — di·vest /dī vest, də / vt [Anglo French devestir, literally, to undress, from Old French desvestir, from de(s) , prefix marking reversal + vestir to dress, from Latin vestire]: to deprive or dispossess (oneself) of property through divestiture… …   Law dictionary

  • divest of — index abridge (divest) Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • divest — ► VERB (divest of) 1) deprive or dispossess (someone or something) of. 2) free or rid of. ORIGIN Old French desvestir, from Latin vestire clothe …   English terms dictionary

  • divest — [də vest′, dīvest′] vt. [altered < DEVEST] 1. to strip of clothing, equipment, etc. 2. to deprive or dispossess of rank, rights, etc. 3. to disencumber or rid of something unwanted 4. Law DEVEST SYN. STRIP …   English World dictionary

  • divest — 1560s, devest (modern spelling is c.1600), from M.Fr. devester strip of possessions, from O.Fr. desvestir, from des away (see DIS (Cf. dis )) + vestir to clothe (see VEST (Cf. vest) (v.)). The figurative sense of strip of possessions is earliest… …   Etymology dictionary

  • divest — *strip, denude, bare, dismantle Antonyms: invest, vest (in robes of office, with power or authority): apparel, clothe …   New Dictionary of Synonyms

  • divest — [v] dispossess; take off bankrupt, bare, bereave, bleed, denudate, denude, deprive, despoil, disinherit, dismantle, disrobe, ditch*, doff, dump, eighty six*, lose, milk*, oust, plunder, remove, rob, seize, spoil, strip, take from, unclothe,… …   New thesaurus

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