The company's purpose is to acquire, manage and dispose of participations. The company may establish branches and subsidiaries, participate in other companies, acquire, hold and dispose of real estate and carry out all commercial, financial and other activities related to the company's purpose. The company may establish branches abroad, participate in other companies of any kind, take over representations and enter into all transactions and contracts that may be suitable to promote the company's purpose or are directly or indirectly related to it. It may also enter into loans for its own account or for the account of third parties, as well as guarantee and pledge transactions for affiliated companies and third parties. It may acquire, lease, rent, encumber and dispose of real estate in Switzerland and abroad. The company may acquire, hold, manage or sell any kind of debt or securities in Switzerland or abroad.