The purpose of the company is to hold directly or indirectly through real estate companies, properties in Switzerland and abroad, excluding in Switzerland transactions subject to authorization under the Federal Act on the Acquisition of Real Estate by Persons Abroad (LEF). In addition, the company holds a stake in an insurance company. The company may establish branches and subsidiaries in Switzerland and abroad. The company may conduct business with related parties, in particular with its direct and indirect shareholders and other group companies, even without adequate consideration; it may in particular grant loans or guarantees for securities to secure their liabilities to related parties. The company may acquire, manage, encumber and dispose of properties, participations and intellectual property rights in Switzerland and abroad, excluding in Switzerland transactions subject to authorization under the Federal Act on the Acquisition of Real Estate by Persons Abroad (LEF). The company may engage in any other activity that is directly or indirectly related to the aforementioned purposes.
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