Audit and consultancy Company BEFL acts as the reorganization consultant for PC Milorem

December 7, 2010

In November 2010 audit and consultancy Company BEFL completed a project of legal assistance of the Production Cooperative 'Michurinsk Locomotive Repair Works 'Milorem' (PC MLRZ Milorem) reorganization via its transformation into Open Joint-Stock Company.

Yaroslav Geraskin, BEFL Director of Consultancy, noted: 'Reorganization of PC MLRZ Milorem is important as it affects the future of one of the oldest enterprises of Michurinsk which is also one of the major enterprises involved into overall repair of locomotives and monopolist on certain types of such repair in the Russian Federation. Reorganization is a necessary step for implementation of the serious investment programme at the enterprise.'

At the moment the question of BEFL’s participation in the optimization procedures of the control of investment in OJSC MLRZ Milorem is under negotiations.