(Reuters) – Pershing Square Holdings said on Monday it intends to delist its shares from Euronext Amsterdam, after billionaire Bill Ackman suggested its board final month.
The monetary funding holding enterprise, by which Ackman and his family have a 23% danger, said its shares will definitely stay to be offered bucks and additional kilos on the first market of the London Stock Exchange.
Delisting from Euronext Amsterdam and mixing buying and selling on the London Stock Exchange will surely decrease governing intricacy and improve liquidity, Pershing Square Chairman Rupert Morley said in a declaration.
An official utility for delisting will definitely be despatched to Euronext, the enterprise said.
The step follows Ackman final month launched his intent to delist the enterprise from Amsterdam adhering to strikes on Israeli soccer followers.
(Reporting by Disha Mishra in Bengaluru; Editing by Shreya Biswas)
