The company's purpose is to hold and manage participations of all kinds, as well as financial and consulting services that do not require a license. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies without restriction, assume representations, conduct all kinds of business and conclude all contracts that are suitable to promote the company's purpose or are directly or indirectly related to the company's purpose. The company may conclude loan agreements for its own account and for the account of third parties, as well as grant guarantees and pledge rights for affiliated companies or third parties. The company may acquire, use, rent, manage, encumber and sell real estate in Switzerland and abroad. The company may acquire, hold, manage and sell debt and participation securities of all kinds in Switzerland and abroad.