Holding of participations in companies of all kinds, both domestically and abroad, and holding and managing real estate in Switzerland and abroad; trading in raw materials of all kinds, in particular in the field of disposal of household and industrial waste and utilization and sale of valuable materials obtained from it (recycling), for own account as well as for the account of third parties; can acquire, encumber, utilize and sell intellectual property rights and real estate; can carry out all commercial, financial and other activities which are directly or indirectly related to the aforementioned purposes, including granting loans, guarantees, taking over sureties and creating other securities.