demutualize
verb[IorT]
FINANCE(UKalsodemutualise)uk/ˌdiːˈmjuːtʃuəlaɪz/usif afinancialorganizationdemutualizes, itbecomesacompanywithsharesownedbyshareholders, and is nolongerownedby thepeoplewho havemoneyin it:
The Boardquitafter itfailedto get theminimum75%votefrommembersinfavourof demutualizing.