Acquisition and trading, holding, management and disposal of intangible assets, in particular licenses, patents and trademarks, as well as holding, management and disposal of participations. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, manage, encumber and dispose of real estate in Switzerland and abroad, provide financing for its own account or for the account of third parties, and grant guarantees and warranties for subsidiaries and third parties.