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Definition of '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.
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Investopedia explains 'Divestment'
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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