Acquisition, permanent management and disposal of participations in companies of all kinds as well as their financing. May establish branches abroad, take over representations and enter into all transactions and conclude contracts that could be suitable to promote the purpose of the company or are directly or indirectly related to it, including financing for its own account or for the account of third parties, guarantees, sureties and pledge agreements for affiliated companies and third parties, acquire, lease, rent, encumber and dispose of real estate in Switzerland and abroad, acquire, hold, manage or sell any kind of debt or securities within Switzerland or abroad.