Divested Entity means a Group Company (as of the time immediately prior to the relevant divestment), business, product line, division, or organization that a Party or any of its Group Companies sells or transfers to another Person or otherwise divests.

What happens when a company is divested?

Divestment involves a company selling off a portion of its assets, often to improve company value and obtain higher efficiency. ... Items that are divested may include a subsidiary, business department, real estate holding, equipment, and other property, or financial assets.

What is a divested employee?

Divested Employees means the employees of any of the FNA Group members and any employees of Falconbridge who are connected with the Divested Business who have been identified to the Acquirer.