Deutsche Bank is on the verge of being repaid a $560m (€437m) loan by a Russian businessman, who was hit with a margin call last year on his majority holding in one of Russia's largest supermarket chains.

Alexander Zanadvorov is set to sell his 74.8% holding in Seventh Continent to French supermarket operator Carrefour for $560m, according to Russian business daily Vedomosti, which will go directly to repaying the Deutsche Bank loan.