The company's purpose is to hold and manage participations in Switzerland and abroad. The company may establish and manage branches and subsidiaries in Switzerland and abroad for its own account or for the account of third parties, participate in other companies, hold majority or minority participations in other companies, and acquire, hold and sell real estate. Furthermore, the company may conduct any business that is suitable to promote and facilitate the development of the company and the achievement of its purpose, directly or indirectly.