The company's purpose is the trade in horses and stallion shares, including in particular breeding and any activity directly or indirectly related thereto. The company may also engage in any other activity having a direct or indirect connection with these purposes; it may in particular establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose, or merge with such companies, carry out all operations and conclude all contracts suitable for developing and expanding its purpose or directly or indirectly related thereto.