Purchase, acquisition, ownership, management, encumbrance, pledging, sale of movable or immovable assets including securities, participations, shares. Taking up and granting loans, participation in other companies or entities, financing of such, to the extent that the Board of Directors considers it to be in the interest of the company. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as enter into guarantees and sureties for subsidiaries and third parties.