The phrase "divest about" is grammatically correct and can be used in written English.
It means to rid oneself or a group of something, typically an asset or investment, through the process of selling or transferring ownership. Example: The company decided to divest about 20% of its assets in order to focus on its core business strategy.
Then, on Friday, Procter & Gamble announced plans to spin off Duracell into a separate business as part of a larger plan to merge, discontinue, or divest about half of its brands in order to focus on its most important ones.
The Royal Australasian College of Physicians decision was announced on Wednesday, and will see it divest about £1.2m (A$2.3m) of fossil fuel interests from its £45m (A$90m) endowment.
Also on Monday, Chicago's city treasurer announced plans to divest about $25 million of Wells Fargo securities.
The company said it would spinoff or divest about 4 million subscribers to Charter Communications and a new company tentatively called SpinCo.
In October, the CalPERS Fund to Scrutinize board voted 7 to 5 to divest about $525 million in tobacco stocks, saying an "unprecedented amount" of litigation and regulation made owning those stocks a bad investment.
In October, the CalPERS board voted 7 to 5 to divest about $525 million in tobacco stocks, saying an "unprecedented amount" of litigation and regulation made owning those stocks a bad investment.
According to Arabella Advisors, which specialises in management of philanthropic funds, those institutions already committed to the movement have together divested about $50bn from the fossil fuel sector while individual investors have taken out about $1bn.
For example, P&G announced last year that they were planning on divesting about 100 "non-core" brands in favor of honing their focus on 70 choice brands.
Since its IPO back in 2006, it has spent about $2.2 billion on some 18 different companies and sold or divested about nine.
We've heard about "divest", now what about "invest"?
The H-shares of Industrial and Commercial Bank of China plunged 4.1% to 4.90 Hong Kong dollars (63 cents) on news that Goldman Sachs is divesting up to about $1.9 billion worth of shares in the Chinese lender at a discount of 4 to 6% below its Monday closing price.
