AMSTERDAM (Reuters) – Billionaire Bill Ackman stated on Friday he would certainly look for to delist investment company Pershing Square Holdings and relocation document tag Universal Music Group far from Amsterdam, adhering to assaults on Israeli football followers.
In a declaration on X, Ackman stated Pershing Square’s board had actually currently been thinking about the relocation and “events in Amsterdam during the last 24 hours provide an appropriate tipping point” to follow up.
In the assaults, fans of Israeli football club Maccabi Tel Aviv were targeted after a suit, by what Amsterdam’s mayor called “antisemitic hit and run squads”.
Pershing Square, a financial investment holding business in which Ackman and his family members possess a 23% risk, is additionally detailed on the London Stock Exchange and many trading occurs in London.
“Concentrating the listing on one exchange, the LSE, and leaving a jurisdiction that fails to protect its tourists and minority populations combines both good business and moral principles,” Ackman composed in a message on X.
“We can also save money and improve liquidity for shareholders to boot.”
Ackman stated he had actually individually started talks with United Music Group, on whose board he rests, to relocate its listing and head office to the United States.
(Reporting by Toby Sterling; modifying by Bart Meijer)
