Administration, management, control, acquisition and sale of participations in any form in commercial companies, industrial companies or other companies. 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, acquire, encumber, sell and manage real estate in Switzerland and abroad, also provide financing for its own account or for the account of third parties, as well as grant loans, guarantees and sureties for subsidiaries and third parties.