privatize
verb /ˈpraɪvətaɪz/
  /ˈpraɪvətaɪz/
 (British English also privatise)
 Verb Forms
| present simple I / you / we / they privatize |  /ˈpraɪvətaɪz/  /ˈpraɪvətaɪz/ | 
| he / she / it privatizes |  /ˈpraɪvətaɪzɪz/  /ˈpraɪvətaɪzɪz/ | 
| past simple privatized |  /ˈpraɪvətaɪzd/  /ˈpraɪvətaɪzd/ | 
| past participle privatized |  /ˈpraɪvətaɪzd/  /ˈpraɪvətaɪzd/ | 
| -ing form privatizing |  /ˈpraɪvətaɪzɪŋ/  /ˈpraɪvətaɪzɪŋ/ | 
- privatize something to sell a business or an industry so that it is no longer owned by the government synonym denationalize- Air traffic control has been privatized.
 Oxford Collocations DictionaryPrivatize is used with these nouns as the object:- enterprise
- health service
- industry
- …