Acquisition, holding, permanent management and disposal of participations in domestic and foreign companies of all kinds. The company may establish further companies or branches in Switzerland and abroad, participate in group financing, in particular by granting loans to its direct or indirect shareholders or affiliated companies or providing guarantees or other securities of any kind for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders or other affiliated companies and were granted free of charge, acquire, exploit and broker industrial property rights, intellectual property rights, know-how, exclusivity rights, as well as acquire, hold and dispose of real estate in Switzerland and abroad.