Decision by a firm to sell part of its current operations, divisions or subsidiaries as a result of business restructuring in order to concentrate on certain products or markets. Under EC competition law, divestiture may also be offered by firms as a commitment (see Commitments) to the Commission in order to eliminate competition concerns related to a notified agreement or concentration.

Source: Glossary of terms used in EU competition policy, Antitrust and control of concentrations, European Commission, 2002