Pershing Square Holdings announced on Monday that it plans to delist its shares from Euronext Amsterdam, following a request by billionaire Bill Ackman to the company's board last month.
The investment holding company, in which Mr. Ackman and his family own a 23% stake, said its shares will continue to trade in dollars and pounds on the main market of the London Stock Exchange.
Pershing Square Chairman Rupert Morley said in a statement that delisting Euronext Amsterdam and merging trading with the London Stock Exchange would reduce regulatory complexity and improve liquidity.
A formal application for delisting will be submitted to Euronext.
The move comes after Mr. Ackman announced his intention to delist the company in Amsterdam last month following attacks on Israeli soccer fans.
