Acquisition, holding and management as well as sale of participations of all kinds. The company may conduct financing transactions, provide services to subsidiaries, establish branches and subsidiaries in Switzerland and abroad, participate in or merge with other companies in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, grant loans and take up credits, provide guarantees and sureties for subsidiaries and third parties, as well as acquire, manage and sell intellectual property rights and licenses.