Production, utilisation, purchase, sale, exchange and trade of electrical and other energy, as well as provision of services of all kinds in the fields of energy and environment; may safeguard the interests of Axpo Holding AG and the entire Axpo Group, to the extent permitted by mandatory law, may use financing opportunities within the Axpo Group and thereby grant financing to other companies within the Axpo Group, directly or indirectly, for consideration or free of charge, or provide security of any kind for their benefit (cash pooling), establish branches and subsidiaries, participate in other companies, acquire, encumber, sell and manage real estate, as well as acquire and manage intellectual property rights.