The purpose of the company is to acquire, hold and manage participations, as well as all permissible activities related thereto. The company may establish branches and subsidiaries at home and abroad, acquire participations in other companies or merge with them. The company may also conduct transactions with or for the benefit of related parties, in particular their shareholders and other affiliated companies, without adequate consideration, in particular grant them loans or provide sureties, guarantees, pledges or other securities to secure their liabilities. The company may acquire, hold, manage, encumber and dispose of real estate at home and abroad. The company may enter into all transactions, incur obligations and conclude contracts that serve to promote the purpose and development of the company or are directly or indirectly related thereto.