Acquisition, permanent management and disposal of participations in domestic and foreign companies of all kinds, management of own assets, in particular the acquisition, holding and management, disposal and reallocation of company participations, real estate and all other asset classes in Switzerland and abroad. Reinvestment of proceeds from participations, including their reallocation in Switzerland and abroad, as well as operational activities such as providing services to affiliated companies and third parties, in particular in the areas of accounting, controlling, auditing, human resources, public relations and all other activities related thereto. The company may acquire, hold, exploit and sell licenses, patents, trademarks and other intellectual property rights. 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, dispose of 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 grant guarantees, warranties and securities for subsidiaries and third parties.