Participation in companies in Switzerland and abroad; financial activities of all kinds, in particular granting of loans and provision of guarantees, with or without security; purchase and sale of real estate, including their encumbrance with liens; purchase and sale of securities, as well as acceptance of trust and asset management mandates on its own account and on behalf of third parties. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad. It may acquire, encumber, sell and manage real estate in Switzerland and abroad, arrange financing for its own account or on behalf of third parties, and provide guarantees and guarantees for subsidiaries and third parties.