Holding and managing participations of all kinds in companies in Switzerland and abroad. May establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, conduct all business that is directly or indirectly related to its purpose, acquire, encumber, sell and manage real estate in Switzerland and abroad, with the exception of transactions prohibited by the Federal Act on the Acquisition of Real Estate by Persons Abroad (BewG), and further provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.