Purchase, sale and management of participations of all kinds. May establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire or merge with similar or related companies, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it, acquire, manage, encumber and dispose of real estate, intellectual property rights and licenses of all kinds, provide financing for its own account and for the account of third parties, grant or take out loans, and provide guarantees and sureties for subsidiaries and third parties.