The purpose of the company is to acquire, hold, manage, and dispose of participations in other enterprises. The company may acquire, encumber, manage, and dispose of real property. It may establish subsidiaries and branches in Switzerland and abroad and participate in other companies in Switzerland and abroad. It may grant loans or other financing to affiliated companies and third parties and provide security of any kind for their liabilities, including guarantees, pledges, and fiduciary transfers of the company's assets. It may acquire, encumber, manage, and dispose of copyrights, patents, and licenses of all kinds. It may, in addition, conduct all business that is suitable to promote the development of the enterprise and the achievement of the company's purpose.