The hedge fund's decision to delist from Euronext Amsterdam and use the LSE alone comes after star trader Bill Ackman on X last month advocated delisting on moral, as well as financial, grounds following the antisemitic violence against Israeli football supporters at a match in Amsterdam.

Delisting from Euronext Amsterdam and consolidating trading on the London Stock Exchange would reduce regulatory complexity and improve liquidity, Pershing Square Chairman Rupert Morley said in a statement. A formal application for delisting will be submitted to Euronext, the company said.