The company's purpose is to acquire, hold, manage and dispose of participations in industrial, commercial, financial and service companies or enterprises in Switzerland and abroad, on its own account and not in a fiduciary capacity. The company may also acquire, encumber, manage and dispose of real estate in Switzerland and abroad, as well as participate in real estate companies and enterprises with their registered office and/or activities in Switzerland and abroad, to the extent permitted by applicable laws. The company's real estate activities, if any, are not directed towards third parties but are limited to real estate for its own account. The company may also grant loans, guarantees, including mortgage guarantees, endorsements and sureties, also in favor of third parties, with the exception of banking and insurance activities. Finally, the company may carry out all commercial, industrial and financial activities that are necessary or useful for the achievement of its purpose or that are likely to facilitate its achievement, and establish branches and subsidiaries in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and carry out all commercial, financial and other activities that are directly or indirectly related to its purpose. The company may acquire, encumber, dispose of and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for its subsidiaries and third parties.