The company's purpose is to acquire, manage and dispose of securities and participations in domestic and foreign companies of all kinds, as well as to carry out all commercial, financial and other activities that are connected with the company's purpose. Activities that require a license from FINMA or other domestic and foreign authorities are excluded until the relevant license is granted. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, manage, encumber and dispose of real estate, intellectual property rights and licenses of all kinds in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.