The company's purpose is to hold, acquire and take participations in all companies both in Switzerland and abroad, as well as to administer and manage companies, excluding operations prohibited by the Federal Act of 16 December 1983 on the acquisition of real estate by foreigners (LFAIE). The company may create subsidiaries or branches in Switzerland and abroad. The company may also participate in the financing of other companies in the group to which it belongs, in the general interest of the latter; the company may in particular grant to, or receive from, its shareholders, subsidiaries or any third party loans, guarantees and securities; in general, the company may carry out all transactions and take all measures that appear appropriate to promote its corporate purpose or that are related to it; the company may in particular acquire, manage and sell movable and immovable property, excluding operations prohibited by the Federal Act of 16 December 1983 on the acquisition of real estate by foreigners (LFAIE).