Acquisition, management and disposal of assets and participations of all kinds. May establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. Furthermore, it may acquire, encumber, sell and manage real estate in Switzerland and abroad, provided that the legal requirements are met, acquire, manage, broker and sell licenses, patents and other intangible assets, arrange financing for its own account or for third-party account, and provide guarantees and sureties for subsidiaries and third parties.