privatize

WORDNET DICTIONARY

privatize(v = verb.change) privatise - change from governmental to private control or ownership; "The oil industry was privatized"

is one way to denationalise, denationalize

Derived form noun privatization₁

Sample sentence:
Somebody ----s something

privatize, v.tr. (also -ise) make private, esp. assign (a business etc.) to private as distinct from State control or ownership; denationalize.

Derivative

privatization n.

For further exploring for "privatize" in Webster Dictionary Online