Acquisition, management and disposal of participations in companies in Switzerland and abroad, in particular in the construction and real estate sector; also participations in financings of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, encumber, sell and manage real estate in Switzerland and abroad, carry out financings for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.