Acquisition, holding and management of participations in companies. May establish branches in Switzerland and abroad, participate in other companies of any kind, take over representations, enter into all transactions and conclude contracts that may be suitable to promote the purpose of the company or are directly or indirectly related to it, grant loans for its own account or for the account of third parties, as well as guarantee and pledge transactions for affiliated companies and third parties, acquire, lease, rent, encumber and sell real estate in Switzerland and abroad, and acquire, hold, manage or sell any kind of debt or securities in Switzerland or abroad.