Movies

Trump CEO surprised by New Century statement

MUMBAI: Trump Entertainment Resorts Inc‘s CEO Mark Juliano has said that it was surprising to go through an announcement by a private equity fund that it wanted to participate in the bankrupt company‘s restructuring.

Said Juliano, "The fund, New Century Investments, had previously expressed interest in the company, but could not verify their financial wherewithal. We last spoke to the fund in February but have not heard from it since."

New Century said in a statement that it has been following the company since late 2008 and now believed it was "time for us to make our move." They did not provide details about how they planned to participate in the restructuring.

Juliano said that New Century had initially sought to buy the company outright, but it was now his understanding that the fund wanted to join either the bondholders or the Trump-Beal venture.

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