The purpose of the company is to acquire, manage and dispose of company participations and real estate in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad. The company may conduct business with related parties, including its shareholders and other group companies, without adequate consideration, in particular by granting loans to these persons or issuing guarantees, sureties or pledges to secure their liabilities. The company may acquire, manage, encumber and dispose of properties and participations in Switzerland and abroad. The company may engage in any further activity that is directly or indirectly related to the aforementioned purposes.