Unter dem Begriff der Desinvestition versteht man die Freisetzung von gebundenen finanziellen Mitteln eines Unternehmens durch den Verkauf von Vermögensgegenständen. Die Desinvestition dient dem Zweck, Sach- und Finanzwerte wieder in eine liquide Form zu bringen und ist somit ein Instrument der Internal financing.
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Definition / explanation
Disinvestment releases various assets to generate cash. These funds can then be used again to make new investments.
Disinvestment is a form of internal financing in which, for example, higher costs that would arise from taking out a loan can be saved. However, this type of internal financing can also impair the company's ability to act. Closing the business can also be classified as a form of divestment.
Reasons for disinvestment
There can be various reasons for a divestment. One of the main reasons for a disinvestment are the more favorable terms compared to other financing methods. In this way, interest can be saved, for example.
The sale of unprofitable or risky parts of the company can also be the reason for a divestment. If a higher sum can be generated through the sale of individual parts of the company than through the sale of the entire company, this form of disinvestment is also an option. A divestment can also have political reasons.
Divestment as a political tool
In the past, disinvestment was also widely used as a political instrument. It was mostly directed against certain regimes or statutes by encouraging public investors to release their liquid funds from the companies in these regions. This was intended to put states and regimes under economic pressure.