divestiture

Definition

The act of a company selling off or disposing of specific business units, assets, or subsidiaries, often to streamline operations or focus on core business strategies.

Etymology

Derived from the Latin 'divestire,' meaning to strip or unclothe, formed by the prefix 'di-' (away) and 'vestire' (to clothe). It entered Middle English to signify stripping someone of their rights or possessions before evolving into its modern financial sense.

In the news

In this article, the term is used to describe BMO's past sales of non-core finance units. It serves as a contrast to the company's current strategy of acquiring new assets to reshape its portfolio.

BMO expands Australia metals and mining dealmaking push

Stock Titan

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