demerger

/ diːˈmɜːdʒə /

noun

1. the separation of two or more companies which have previously been merged

Example Sentences

The demerger, which was announced last October, is seen as oil-to-retail conglomerate Reliance's way of expanding in the lucrative financial services sector, especially as it already has a non-bank financial company licence.

From Reuters

Reliance shares had surged about 8% from July 8, when it set the record date for the demerger, through Wednesday.

From Reuters

Climate activist Cannon-Brookes, with an 11% stake in AGL, succeeded earlier this year in forcing the company to scrap a demerger and instead announce plans to speed up the closing of its coal-fired power plants by a decade and spend up to A$20 billion on renewable energy by 2036.

From Reuters

Following the demerger, at least 54.5% of the total issued ordinary share capital of Haleon will be held by GSK shareholders, while up to 6% will be held by GSK, the British drugmaker said.

From Reuters

Shareholders are set to vote on June 15 on AGL’s demerger plan.

From Reuters