The purpose of the company is the acquisition, establishment and management of participations. The company is authorized to conduct all business directly or indirectly related to or promoting the company's purpose. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as grant guarantees and warranties for subsidiaries and third parties. The company may acquire, manage and sell patents and licenses.