Acquisition, holding, management and disposal of participations in companies in Switzerland and abroad. The company may provide financing for its own account or for the account of third parties, enter into guarantees and sureties for subsidiaries and third parties, establish branches and subsidiaries in Switzerland and abroad, participate in other companies, acquire, encumber, sell and manage licenses, patents and other intangible assets as well as real estate in Switzerland and abroad, grant loans and take up credits.