TVC sell Telekinesys share

TVC Holdings, a publicly quoted investment holding company, today announced that it has agreed to sell its interest in Telekinesys Research as part of the sale of Havok to Intel Corporation.

Intel has signed a definitive agreement to acquire the entire share capital of Havok in a cash transaction valued at approximately US$110m (€79m), subject to certain completion conditions. It is expected that the deal will close within five days.