The company's purpose is to hold and manage participations in other companies. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, encumber, manage, sell, develop, lease and sublease real estate and other properties, as well as acquire, sell and grant patents, licenses and other intangible and tangible assets. It may also carry out financing, restructuring and guarantee measures for the benefit of shareholders, group companies or third parties, either on its own account or on behalf of others, and grant loans to shareholders, group companies or third parties or provide security for their obligations. Furthermore, the company may conduct any business that is suitable to promote or facilitate the development of the company and the achievement of its purpose.