DENATIONALIZE
denationalize, denationalise
(verb) put under private control or ownership; “The steel industry was denationalized”
Source: WordNet® 3.1
Etymology
Verb
denationalize (third-person singular simple present denationalizes, present participle denationalizing, simple past and past participle denationalized)
(transitive) To transfer the control and ownership of an industry from government to private hands; to privatize.
(transitive) To strip of nationhood; to cease to recognise, or allow to exist, as a nation.
Source: Wiktionary
De*na"tion*al*ize, v. t. [imp. & p. p. Denationalized; p. pr. & vb.
n. Denationalizing.] Etym: [Cf. F. dénationaliser.]
Definition: To divest or deprive of national character or rights.
Bonaparte's decree denationalizes, as he calls it, all ships that
have touched at a British port. Cobbett.
An expatriated, denationalized race. G. Eliot.
Source: Webster’s Unabridged Dictionary 1913 Edition