Question:Which form of unbundling does not require the formation of a new company?
  A. Carve-out
  B. Divestment
  C. Sell-off
  D. Demerger
  The correct answer is:Divestment.
  解析A sell-off is the sale of a company to a third party, generally for cash. This will result in a new company being formed.
  A demerger is the splitting up of corporate bodies into two or more separate bodies, to ensure share prices reflect the true value of operations.
  A carve-out is the creation of a new company, by detaching parts of the company and selling the shares of the new company to the public.
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