demerger

/ diːˈmɜːdʒə /

noun

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

Example Sentences

The demerger is part of a broader effort by Unilever to simplify its operations and boost growth.

Read more on The Wall Street Journal

In September, it said it was aiming for higher profitability and sales growth after the demerger.

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British consumer goods giant Unilever has postponed a demerger of its ice cream business, saying Tuesday that the US government shutdown meant a New York listing could not be approved.

Read more on Barron's

Unilever said Tuesday it remained "confident of implementing the demerger" this year, saying the delay was "a result of the ongoing US federal government shutdown".

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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.

Read more on Reuters