American billionaire Bill Ackman wants to delist the fund from Amsterdam
Concern: American billionaire Bill Ackman
American billionaire Bill Ackman plans to delist his investment fund in Amsterdam in favor of London after anti-Semitic attacks on football fans in the Dutch capital.
Shares in Pershing Square are traded in the Netherlands and Britain, where the stock is included in the FTSE 100 index of blue-chip companies.
Ackman (photo), who founded the fund and still has a 23 percent stake, said he will ask the board to cancel the Amsterdam listing after the violence against Israeli fans on Thursday evening.
And the hedge fund magnate, who is worth around £6 billion according to Bloomberg, said he is in talks with Universal Music Group to move the record label’s headquarters and listing from the Netherlands to New York. He is a major investor in Universal Music and sits on its board.
Pershing Square had been thinking about delisting its Amsterdam listing for some time, but the violence was the “tipping point,” he said. The majority of the fund’s trading volume now takes place on the London stock market.
In a post on doing business with moral principles.’
Dutch police have arrested 62 people following the attacks on Israeli football fans in Amsterdam after the Europa League match between Ajax and Maccabi Tel Aviv.
Prime Minister Dick Schoof said yesterday that he is ‘ashamed of what happened in the Netherlands’.
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