Acquisition, holding, management and disposal as well as general trading and management of participations, licence and other intellectual property rights of all kinds, and within the framework of their participation and trading activities, provision of advisory, management and financing services of all kinds. The company may, by resolution of the board of directors, establish subsidiaries, branches and other companies in Switzerland and abroad, acquire, hold, manage and dispose of real estate, grant securities and guarantees for the benefit of its shareholders or other group companies, and grant loans to its shareholders or other group companies.