The company's purpose is to acquire, manage, hold, exploit and sell participations, as well as to manage assets and conduct related business. The company may provide financing for its own account or for third-party account, provide financial support of any kind to its direct or indirect subsidiaries, in particular grant loans and provide securities or guarantees for the liabilities of these companies. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, acquire, establish or merge with such companies. The company may acquire, encumber, hold and sell real estate. The company may engage in all commercial, financial and other activities that are related to the company's purpose.