"divest to" is correct and usable in written English.
It is a phrasal verb that means to give something up or to surrender control of something. Example: The company decided to divest to another organization in order to focus on their core business.
But the GPFG is the highest profile institution to divest to date.
Now U.S. senators are calling for an investigation, and ethics experts demand he divest to prevent his policy decisions from being influenced by his business interests.
But antitrust concerns were largely seen as a bigger problem for Avis: analysts viewed the company's discount business as much bigger than Hertz's and therefore harder to divest to win antitrust approval.
These projects, as well as its interest in the refuge, have all been the subject of shareholder resolutions seeking to force BP to divest, to bring its actions in line with its rhetoric.
Svenska Cellulosa, a tissue maker based in Sweden, may be emerging as the primary bidder for factories that the Georgia-Pacific Group would have to divest to win antitrust approval for its $11.2 billion purchase of the Fort James Corporation, Bloomberg News reported yesterday, citing unidentified sources.
Under a 2009 mining law foreign entities must divest to local partners 20% of equity in new mines within five years of production.
"The whole idea of the ILC is to acquire land and property to divest it to Aboriginal people.
In fact, when BSkyB attempted to buy 17.9%, more general competition rules forced it to divest down to 7.5%.
Another reason to divest is to increase employee productivity and morale.
We subsequently began discussions to divest Konga to Zinox".
He's cited that he plans to divest ownership to his children, with the official announcement planned for December 15.
