Pershing Square Holdings has confirmed plans to delist from Euronext Amsterdam, aiming to consolidate trading on the London Stock Exchange in a decision driven by cost-saving measures and a desire to simplify regulatory requirements, according to a report by MorningStar.

The report cites Chair Rupert Morley as highlighting that the decision will also improve liquidity for shares of the Guernsey-based closed-ended investment fund, which is managed by Pershing Square Capital Management and focuses on concentrated, long-term investments in North American companies.

The fund is led by billionaire investor Bill Ackman.

The delisting follows a review of Pershing Square Holdings’ listing arrangements that began in January. Recent incidents, including clashes involving Israeli football fans in Amsterdam, accelerated the decision, Ackman suggested in comments reported last month by The Times.

On Tuesday, shares of Pershing Square Holdings rose 1.2% to 3,872.00 pence in London, valuing the company at $10.06bn.