The company aims to acquire, hold and sell participations in other companies in Switzerland and abroad, in particular companies in the fields of real estate, hotel and gastronomy management. The company may carry out all commercial, financial and other activities that appear to be suitable for promoting the purpose of the company or that are connected with it. Activities requiring authorization under the Federal Act on Cartels are excluded. The company may establish branches and subsidiaries in Switzerland and abroad, acquire and sell companies. The company may acquire, hold and sell real estate. The company is part of a group and may take into account the interests of the group in pursuing its corporate purpose. In particular, the company may grant loans and other direct or indirect financing to its direct and indirect subsidiaries as well as to third parties, including its direct and indirect shareholders and their direct and indirect subsidiaries, and provide security of any kind for the liabilities of these parties, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether remunerated or not.