Divestment often relates to strategic business decisions, emphasizing the sale aspect. The telecom giant announced a divestment of its overseas operations.
Pro Tip 2/3
Financial Health
Divestment may imply improving a company's financial situation by selling underperforming units. To reduce debt, the firm completed the divestment of its manufacturing division.
Pro Tip 3/3
Market Focus
Companies divest to focus on core markets or areas of strength. The divestment allows us to concentrate on our core software business.