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Ackman wants to move Pershing Square, UMG from Amsterdam after attacks

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AMSTERDAM (Reuters) – Billionaire Bill Ackman said on Friday he would seek to delist investment firm Pershing Square Holdings and move record company Universal Music Group away from Amsterdam after attacks on Israeli soccer fans.

In a statement on X, Ackman said the Pershing Square board was already considering the move and that “events in Amsterdam over the past 24 hours provide an appropriate turning point” to pursue.

In the attacks, supporters of the Israeli football club Maccabi Tel Aviv were targeted after the match, by what the mayor of Amsterdam described as “anti-Semitic hit-and-run squads.”

Pershing Square, an investment holding company in which Ackman and his family have a 23% stake, is also listed on the London Stock Exchange and most trading takes place in London.

“Concentrating listing on one exchange, the London Stock Exchange, and leaving a jurisdiction that fails to protect its tourists and minority populations, combines good business with ethical principles,” Ackman wrote in a message on X.

“We can also save money and improve liquidity for shareholders to boot.”

Ackman said he had begun separate talks with United Music Group, of which he sits on the board, to move its listing and headquarters to the United States.

(Reporting by Toby Sterling; Editing by Bart Meagher)

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