Hungarian mineral water producer, Kekkuti Asvanyviz Rt will decide on its delisting from the Budapest Stock Exchange at its AGM on April 4.

Interfax reported that Kekkuti, which holds a 29% share of the Hungarian mineral water market announced on Monday it plans to convert into a closed company.

According to Interfax, Kakkuti's AGM invitation claims the company had net profits for 2000 of $573,837 and its net sales for 2000 were $1,328,568.

Perrier Vittel SA has a controlling 68.15% stake in Kekkuti, which it acquired through a public offer in 2000, after originally acquiring a 32.2% stake earlier in the year.