Spin off is one possibility. It may involve an operating unit, a wholly owned subsidiary, or even a product line.
Buyers may be corporate entities, private investors, or management of the spun off unit. Divestiture is another word which is used to describe the separation of what is typically a company owned by another. Divestiture may also be used to describe the sale of an operating unit, which is reconstituted as a corporate entity.
Sale is yet another term for these separations of operating units or businesses.
Thank you very much everybody.
I have opted for "spin off" if anybody`s interested It is not a result of a previous merger we are talking about, it is just creation of a separate agency to cooperate with a larger company as a result of reorganisation.
Splitting up a business venture is something you hear quite frequency in the financial media here. For example, various multinationals have made takeover bids for a major Australian company in recent times, and there have been discussions as to whether any new owner would "split XXX (the company) up", rather than keeping all its operations under the same banner. I'd imagine that could be said to be the opposite of "merging".