(Reuters) – Pershing Square Holdings claimed on Monday it prepares to delist its shares from Euronext Amsterdam, after billionaire Bill Ackman advised its board last month.
The financial investment holding firm, in which Ackman and his family members possess a 23% risk, claimed its shares will certainly remain to be sold bucks and extra pounds on the primary market of the London Stock Exchange.
Delisting from Euronext Amsterdam and combining trading on the London Stock Exchange would certainly minimize governing intricacy and enhance liquidity, Pershing Square Chairman Rupert Morley claimed in a declaration.
An official application for delisting will certainly be sent to Euronext, the firm claimed.
The action follows Ackman last month introduced his intent to delist the firm from Amsterdam adhering to assaults on Israeli football followers.
(Reporting by Disha Mishra in Bengaluru; Editing by Shreya Biswas)
