The purpose of the company is the acquisition, holding, management, exploitation, sale and financing of assets and participations in companies of all kinds, as well as the conduct of related business. The company may establish branches in Switzerland and abroad, found subsidiaries, acquire, hold, manage, rent, exploit and sell real estate and intellectual property rights. The company may grant direct or indirect financing to its direct or indirect subsidiaries and third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, provide collateral of all kinds for its own liabilities and those of other companies (including direct or indirect shareholders of the company or companies in which these shareholders are directly or indirectly involved), including by way of pledges, fiduciary transfers or assignments of the company's assets or guarantees, joint and several liability or suretyships, or otherwise secure or guarantee the obligations of these other companies, whether for consideration or not. Furthermore, it may engage in liquidity compensation/concentration of net liquidity (cash pooling) with the aforementioned companies or join such a system, including periodic account balancing. This may also be done without consideration, on preferential terms, without interest, excluding the company's profit motive and assuming cluster risks. The company may engage in all commercial, financial and other activities that appear to promote the purpose of the company, are related to it or are in the interest of the group or its group companies.
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