The company's purpose is to buy, sell, build and dispose of properties, as well as manage them. The company may also participate in other companies of any kind in Switzerland and abroad, establish, acquire and merge with them. It may acquire, encumber and dispose of properties and intellectual property rights in Switzerland and abroad, and establish branches and agencies in Switzerland or abroad by decision of the board of directors. The company may establish subsidiaries and branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, establish, hold, manage and dispose of intellectual property rights, acquire and dispose of land and properties, and enter into all transactions and conclude all contracts that are suitable to promote the purpose of the company or of companies that are controlled by the company's shareholders, either directly or indirectly, in terms of capital and voting rights. The company may conduct financing transactions and provide security for the obligations of its shareholders and affiliated companies, in particular in the form of guarantees, pledges, global assignments and security transfers. Furthermore, the company may conduct all transactions that are suitable to promote the development of the company and the achievement of its purpose.