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Divestment

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
Divestment
The process of selling an asset. Also known as divestiture, it is made for either financial or social goals. Divestment is the opposite of investment.

Notes:
Generally you'd just say that you are selling an asset. The term divestment is more appropriate however in the following contexts:

1) A change in corporate strategy - a firm might say that they are divesting a particular subsidiary to focus on their core business.

2) Social goals - there are many political reasons why investors might reduce investments. A notable example was the withdrawal of American firms from South Africa during apartheid.



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Lists of companies that do business with the Sudan is available from the Sudan Divestment Task Force at www.
Lanxess, Pittsburgh, PA, announced a divestment of its North American Textile Processing Chemicals (TPC) business unit.
Representatives from Jewish World Watch and the student-led Sudan Divestment Task Force met last week in an effort to convince the Lacers corporate governance committee to divest itself from companies with ties to Sudan.
 
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