The company's purpose is to acquire, sell, hold and manage participations in companies in Switzerland and abroad. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. Furthermore, the company may carry out all commercial, financial and other activities that are directly or indirectly related to the company's purpose or to its individual companies. The company may establish branches and participate in similar companies. In addition, it is authorized to conduct all business that is suitable to promote its purpose.