(Reuters) – Pershing Square Holdings stated on Monday it intends to delist its shares from Euronext Amsterdam, after billionaire Bill Ackman advised its board last month.
The financial investment holding business, in which Ackman and his household have a 23% risk, stated 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 stated in a declaration.
An official application for delisting will certainly be sent to Euronext, the business stated.
The step follows Ackman last month introduced his intent to delist the business from Amsterdam adhering to strikes on Israeli football followers.
(Reporting by Disha Mishra in Bengaluru; Editing by Shreya Biswas)
