私有化

privatization / to privatize

to have; there is / (bound form) having; with; -ful; -ed; -al (as in 有意[you3 yi4] intentional)

variant of 花[hua1]

to make into / to change into / -ization / to ... -ize / to transform / abbr. for 化學|化学[hua4 xue2]

personal / private / selfish

private / privately-owned