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The US fund manager says it will seek to delist Pershing Square Holdings and Universal Music Group from the Amsterdam stock exchange following Thursday night’s anti-Semitic violence.
The violence against israeli supporters on Thursday night in Amsterdam, following a Europa League match between Ajax and Maccabi Tel-Aviv, is having repercussions even on the financial markets. In the aftermath of this night of horror, Bill Ackman has announced that he will seek to delist Pershing Square Holdings from the Amsterdam Stock Exchange.
In a post to his 1.5 million subscribers on Platform X on Friday, the American billionaire assures that he will ask the board of directors of the fund, in which he and his family hold a 23% stake, to approve the delisting. “The board had considered this decision because our second listing on the London Stock Exchange now accounts for more than 90% of our transactions, he explains. The events in Amsterdam over the last 24 hours definitely support this decision.”
“Good business and moral principles
After the last night’s violencedescribed as“explosion of anti-Semitism by the city’s mayor, Dutch police reported that five people were briefly hospitalized and 62 arrested. Israel dispatched planes to repatriate the fans. “Leaving a jurisdiction that fails to protect its tourists and minority populations is both doing good business and respecting moral principles.”says Bill Ackman, according to whom the fund will use the opportunity to “save money and improve liquidity for shareholders”..
The 57-year-old billionaire also confides that he is in talks with Amsterdam-listed record company Universal Music Group (UMG), of which he is also a director, to transfer its listing and headquarters to the USA. “Pershing Square has the right to have UMG listed in the United States. We will exercise this right and have UMG listed in the U.S. no later than next year”.says Bill Ackman.
The fund manager, whose fortune was estimated at $9.3 billion in 2024 by the magazine ForbesBill Ackman has made a name for himself in the U.S. with several speculative stunts, including a billion-dollar bet against Herbalife stock in 2012. Bill Ackman also campaigns against inclusion and diversity policies in companies and universities in the USA. He is partly responsible for the resignation of Harvard President Claudine Gayaccused of allowing an anti-Semitic campaign to flourish on campus.