Acquisition, permanent management and disposal of participations in domestic and foreign companies of all kinds, as well as financing, acquisition, holding, renting, managing and disposing of real estate. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, provide financing for its own account or for the account of third parties, and grant guarantees and sureties for subsidiaries and third parties.