American billionaire hedge fund manager Bill Ackman said on Friday that he is seeking to remove Pershing Square Holdings from Euronext Amsterdam following the overnight attacks on Israeli soccer fans.
Ackman, who owns 23% of Pershing Square with his family, cited a focus on consolidating trades on the London Stock Exchange, which now handles over 90% of the company's activity, as a practical reason. However, in his message on social media, Ackman noted, "Events in Amsterdam during the last 24 hours provide an appropriate tipping point for this conclusion."
The millionaire added that the decision seems to be based on "good business and moral principles," considering that it is better to concentrate the listing in only one exchange and leave a jurisdiction that doesn't protect its tourist and minority population. In his message, he also stated that he is seeking the move of Universal Music Group, based in Amsterdam, to the United States. "We are going to fix this. Now is a good and appropriate time to do so," he concluded.
