di ‧ vest /daɪˈvest, də-/ BrE AmE verb
[ Date: 1600-1700 ; Language: Old French ; Origin: desvestir 'to undress' , from Latin vestire 'to dress' ]
[intransitive and transitive] technical if a company divests, it sells some of its ↑ asset s , ↑ investment s etc:
pressure on hospitals to divest tobacco-related stocks
divest somebody of something phrasal verb formal
1 . divest yourself of something to sell or give away something you own:
Dad had long since divested himself of anything valuable.
2 . divest yourself of something to remove something you are wearing or carrying:
Pedro divested himself of his overcoat.
3 . to take something away from someone:
The king was divested of all his wealth and power.