BRIEF-Zad Holding Q1 profit falls
* Q1 net profit 49.3 million riyals versus 51.7 million riyals year ago Source: (http://bit.ly/2oTXID8) Further company coverage:
MILAN May 27 Italian builder Astaldi said on Tuesday a $2.3 billion loan with a pool of Turkish banks to finance the construction of a third bridge on the Bosphorus strait had been signed.
"Financial close allowed for the disbursement of a first loan tranche to be used for construction activities of the bridge, for which 25 percent of works have been completed to date," Astaldi said in a statement.
The overall value of the investment totals about $2.9 billion and Astladi it owned a 33 percent stake in the project while IC Ictas had 67 percent. The concession has a 10-year duration with 30 months for construction activities, it said.
(Reporting by Danilo Masoni)