The purpose of the company is to acquire, hold and manage participations in enterprises. The company may establish subsidiaries and branches and may participate in other enterprises. The company may acquire, hold, encumber and dispose of real property and intellectual property rights. The company may also carry on all commercial, financial and other activities that are directly or indirectly connected with the purpose of the company. The company may grant loans and other direct or indirect financings to affiliated companies and third parties, including their (direct and indirect) shareholders as well as their affiliated companies, and may provide securities of any kind for their liabilities, including by way of pledges on or fiduciary transfers of assets of the company or guarantees of any kind, whether for consideration or not.