AMSTERDAM (Reuters) – Billionaire Bill Ackman said on Friday he would try to take investment company Pershing Square Holdings private and move record label Universal Music Group out of Amsterdam, following attacks on Israeli football fans.
In a statement on
In the attacks, supporters of the Israeli football club Maccabi Tel Aviv were targeted after a match by what the Amsterdam mayor described as “anti-Semitic hit and run squads”.
Pershing Square, an investment holding company in which Ackman and his family own a 23% stake, is also listed on the London Stock Exchange and most of its trading takes place in London.
“Concentrating listings on one stock exchange, the LSE, and leaving behind a jurisdiction that is failing to protect its tourist and minority populations combines both good business and moral principles,” Ackman wrote in a post on X.
“We can also save money and improve liquidity for shareholders.”
Ackman said he had separately begun discussions with United Music Group, on whose board he sits, to move its listing and headquarters to the United States.
(Reporting by Toby Sterling; editing by Bart Meijer)
