The company's purpose is: the purchase, sale, holding, administration and management of shares, directly or indirectly, in any commercial, financial, securities or real estate company or business, it being specified that the company may hold, in Switzerland, only shares in real estate companies with exclusively commercial purposes; the purchase, holding, management and sale of securities and other financial instruments for proprietary trading. It may also carry out, either for its own account or for the account of third parties, all financial, commercial, securities or real estate operations directly or indirectly related to its corporate purpose and take an interest, in any form, in all similar enterprises, notably by taking shares in similar enterprises. The company may also establish branches and subsidiaries in Switzerland and abroad.