The company may participate in the construction of power plants, industrial areas and civil buildings worldwide, in particular in construction projects covered by the SERV (Swiss Export Risk Insurance). The company may establish subsidiaries and branches in Switzerland and abroad. The company may acquire, manage, encumber and sell participations in Switzerland and abroad. Furthermore, in compliance with applicable legal provisions (in particular the Federal Act on the Acquisition of Real Estate by Persons Abroad), the company may acquire, manage, encumber and sell real estate in Switzerland and abroad. The company may conclude transactions with or for the benefit of affiliated companies, in particular its direct or indirect shareholders and other group companies, even without adequate consideration. It may grant loans to group companies or provide securities for their obligations. The company may engage in any further activity that is directly or indirectly related to the aforementioned purposes.