Acquisition, permanent management and disposal of participations in domestic and foreign companies of all kinds; may establish branches and subsidiaries, participate in other companies, acquire, hold, manage, develop, exploit and dispose of real estate and intellectual property rights, grant loans or other financing to its direct or indirect parent companies and shareholders as well as their or their direct or indirect group companies, enter into security transactions of all kinds, in particular in the form of guarantees, pledges, global assignments, security transfers, security assignments and indemnification agreements for affiliated companies and third parties, even if these financing or security transactions are in their exclusive interest and are free of charge, as well as conclude cash pooling agreements with other group companies.