Aves One AG (HMSE:BHEK) signed an agreement to acquire 33.3% stake in ERR European Rail Rent GmbH on August 22, 2016. In a related transaction, Aves One also signed an agreement to acquire ERR Rail Rent Vermietungs GmbH from ERR European Rail Rent GmbH and other shareholders on August 22, 2016. The combined value for both the transactions is €33.5 million. The deal is expected to be completed in October 2016. Sebastian Kuehl of Huth Dietrich Hahn and Kordula Fleiss-Goll of Jakobljevich & Grave Rechtsanwaelte acted as the legal advisors to Aves One. Alexander Popp and Miriam Simsa of Schoenherr acted as the legal advisors to ERR European Rail Rent. The shareholders of ERR European Rail Rent were advised by Gleiss Lutz. Aves One AG (HMSE:AVES) completed the acquisition of 33.3% stake in ERR European Rail Rent GmbH on October 25, 2016. As a part of the transaction, Aves One also completed the acquisition of ERR Rail Rent Vermietungs GmbH from ERR European Rail Rent GmbH and other shareholders