Acquisition, holding, management and sale of participations in other companies as well as real estate, and investment and management of assets. May establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose, acquire, encumber, sell and manage real estate in Switzerland and abroad, provide financing for its own account or for third-party account, and grant guarantees and sureties for subsidiaries and third parties.