"Once the deal has been completed, the planned structure of the bank's shareholders will be the following: Alrosa 45%, Russian Railways 45% other shareholders 10%. Relevant documents on the deal have been submitted for coordination by the regulating bodies," KIT Finance said.
The bank, the biggest player in Russia's domestic debt market, said in September it was in talks with a strategic investor to try and overcome liquidity difficulties, which emerged following sharp declines in the stock market and the global credit crunch.
Lider, a leading Russian asset management company, was reported to be among the possible buyers.
Gazprombank, the banking arm of Russian energy giant Gazprom, announced in September it was providing the bank with a 22.5 billion rubles ($880 million) loan.
Based in Moscow, KIT Finance is a Russian independent investment bank, providing financial services, in the form of brokerage services, investment banking and mortgages, to both corporations and individual investors.
As of September 1, 2008, the bank's charter capital stood at 3 billion rubles ($118 million) and equity capital at 14.8 billion rubles ($580 million). It is ranked among the 30 largest banks in Russia.
Russian business daily Vedomosti earlier reported that KIT Finance's debts could total some 6-8 billion rubles ($236-$314 million) under repo transactions, in which banks receive cash from the Central Bank against securities and repurchase them at a higher rate.
