"divested" is a correct word and usable in written English.
You can use it to refer to getting rid of or giving up something. For example: "The company divested itself of all non-essential assets."
Much of it was a "slippery slope" argument: if the Gates Foundation divested from every firm which failed social responsibility tests, soon there'd be almost nothing left to invest in.
Many philanthropic organisations have already divested from fossil fuels, including the Rockefeller Brothers Fund whose wealth derives from Standard Oil, which went on to become ExxonMobil.
Others, including the world's largest sovereign wealth fund, held by Norway, have divested from coal companies.
Globo, whose mobile apps let employees use their own devices for work, has divested part of its Greek business to focus on international clients.
The speculation focused on AT&T of the United States, which divested its stake in América Móvil last month.The sale, however, depends on whether the new regulator, the Federal Telecommunications Institute (IFT), approves of the plan.
Ellen Burstyn fared scarcely better, lasting just to opening night in the Oscar-winner's solo show, "The Oldest Living Confederate Widow Tells All"—and then closing immediately afterwards, following tepid reviews that have been the season's norm to date.Sometimes the shows did open, only to be divested along the way of crucial cast members.
The purchaser will bein a good position to mop up assets divested after the merger between Spain's two biggest power groups, Endesa and Iberdrola.See article: German utilities' WanderlustPhilippe Bruggisser resigned as chief executive of SAirGroup, the parent company of Swissair.
He is called on by America to show "leadership", yet is divested by Israel of all political authority.Israel's invasion of Ramallah was one of many.
Foster's recently divested its sagging wine business to refocus solely on its "amber nectar".
There is talk of setting up a separate entity to house the assets earmarked for sale, which could then be divested later.
Mr Chen, divested of presidential immunity, now faces a corruption investigation.
