Participations in companies of all kinds in Switzerland and abroad, in particular in industrial companies. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, hold and sell real estate, carry out all commercial, financial and other activities, in particular the management or administration of companies or foundations, which are related to the purpose of the company; the company may grant loans or other financing to its direct or indirect parent companies and their direct or indirect subsidiaries, for consideration or free of charge, and provide security of all kinds for the liabilities of such group companies, including guarantees, pledges and fiduciary transfers of the company's assets.