The purpose of the company is the acquisition, management and disposal of participations in companies in Switzerland and abroad, the management of other companies in Switzerland and abroad, as well as financial activities of any kind. The company may, in addition, carry out all business activities that are suitable for promoting and facilitating the development of the company and the achievement of its purpose, in particular establishing branches and subsidiaries in Switzerland and abroad. The company may acquire, hold, encumber, manage and dispose of real estate in Switzerland and abroad. It may also acquire, hold or exploit intellectual property rights and, for the fulfillment of its purpose, take out loans and credits from banks and third parties and grant such loans and credits.