Permanent management of participations and the necessary provision of commercial and administrative support, consulting and management services. The company does not carry out any independent business activities, at most secondary activities of minor importance, in particular corporate management functions and business activities abroad. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire similar or related companies or merge with them, and enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or are directly or indirectly related to it. It may acquire, manage, encumber and dispose of real estate, intellectual property rights and licenses of all kinds.