The company's purpose is to hold and manage participations in companies as well as to provide services in the field of corporate management and consulting. The company may, in addition, conduct all business that is suitable to promote or facilitate the development of the company and the achievement of its purpose. Activities that require a permit are excluded. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell 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 grant guarantees and sureties for subsidiaries and third parties.