The acquisition, permanent management and disposal of participations in domestic and foreign companies of all kinds. The company may acquire, encumber and dispose of shares in companies, provide services of all kinds related to its participations, grant and take out loans, acquire, use and dispose of licenses, patents and name and trademark rights, manage and administer them, and participate in any form in undertakings of the same or similar kind, merge with them or establish, acquire, lease such companies in Switzerland and abroad.