Definition of reprivatization in US English:

reprivatization

noun

  • The action or process of returning a previously nationalized business, industry, or service to private ownership and control; an instance of this.

Origin

1930s. Either from re- + private + -ization, or from re- + privatization (although that is first attested later).

Pronunciation

reprivatization

/ˌriːprʌɪvɪtʌɪˈzeɪʃn/