Acquisition, holding, management and disposal of participations in companies or businesses in Switzerland and abroad; acquisition, disposal, as well as the permanent management and exploitation of intellectual property and industrial property rights, in particular trademarks, patents, licenses, trade marks and logos; may establish branches and subsidiaries, as well as acquire, hold and dispose of real estate; may also participate in group financing, in particular by granting loans to its direct or indirect shareholders or other group companies, or by providing security of any kind for their liabilities to third parties, even if these loans or securities are in the exclusive interest of its direct or indirect shareholders or other group companies and may be granted free of charge.