Acquisition, holding, management and disposal of direct and indirect participations in Swiss and foreign companies of all kinds; may establish branches and subsidiaries, grant loans or other financing to its direct or indirect parent company as well as to their or its direct or indirect subsidiaries, and provide security of any kind for liabilities of such other companies, including by way of pledges or fiduciary transfers of the company's assets or guarantees of any kind, whether against payment or not, as well as acquire, hold, manage, encumber and dispose of real estate.