denationalize

1. (transitive) To transfer the control and ownership of an industry from government to private hands; to privatize.BritishEnglishOxfordUStransitive

2. (transitive) To strip of nationhood; to cease to recognise, or allow to exist, as a nation.Examples: "Doubtless, in thus denationalizing the Tahitians, as it were, the missionaries were prompted by a sincere desire for good; […]"; "What does signify, however, is the assumption that evangelical missions introduce or maintain an alien culture and that they denationalize."BritishEnglishOxfordUStransitive