Pershing Square Holdings announced plans to delist from Euronext Amsterdam following CEO Bill Ackman's urging after antisemitic attacks against Israeli soccer fans in the city. The investment firm will maintain its listings on the London Stock Exchange in dollars and pounds.

Photo Credit: Senate Democrats / CC by 2.0

The decision comes after five people were hospitalized and dozens arrested following antisemitic attacks in Amsterdam. Chairman Rupert Morley cited reduced regulatory complexity and improved liquidity as key benefits of the delisting.

The move raises questions about Universal Music Group (UMG), where Pershing Square holds a 10.25% stake. While Ackman urged UMG to also delist from Euronext Amsterdam, the company pushed back against this suggestion.

A UMG spokesperson clarified their position:

• Pershing Square has the right to request a U.S. listing only if selling at least $500 million in UMG shares
• Pershing cannot force UMG to become U.S.-domiciled or delist from Amsterdam
• Any decisions beyond contractual obligations will prioritize maximizing value for all shareholders

The Ackman family maintains a 23% stake in Pershing Square Holdings. Given Ackman's activist approach to portfolio companies, market observers anticipate continued pressure on UMG regarding its listing status.

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