1) The company's purpose is the acquisition, holding, management and sale of participations in all companies in Switzerland and abroad; all real estate transactions subject to or prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners are excluded. 2) The company may: - carry out any financial, commercial or industrial activity, whether movable or immovable, directly or indirectly related to its purpose; - establish branches or subsidiaries in Switzerland and abroad, participate in any company having a direct or indirect connection with its purpose.