Acquisition, holding and management as well as sale of real estate. May carry out all commercial, industrial and financial transactions related thereto, establish branches and subsidiaries in Switzerland and/or abroad, and participate in other companies in Switzerland and/or abroad, acquire, hold, encumber and sell plots of land and intellectual property rights in Switzerland and/or abroad, and carry out all commercial, financial or other transactions that are directly or indirectly related to the company's purpose, may also grant loans or other financing to its direct or indirect shareholders and their direct or indirect subsidiaries, as well as to third parties, for consideration or free of charge, and provide security of any kind for the liabilities of such persons or group companies, including guarantees, pledges and fiduciary transfers of the company's assets.