The company's purpose is the acquisition, management and administration of participations in other companies in Switzerland and abroad, in the sense of a holding company. In general, the company may carry out all commercial, financial, movable or immovable operations directly or indirectly related to its purpose, excluding operations subject to the LFAIE (Federal Law on the Acquisition of Real Estate by Foreigners). It may, in particular, grant loans to its shareholders or subsidiaries. The company's purpose is to acquire, hold, manage and sell investments in companies of all kinds in Switzerland and abroad. The company may carry out all commercial and financial operations directly or indirectly related to its object. Furthermore, the company has the right to establish branches and subsidiaries, both domestically and abroad, and to acquire participations in other companies, both domestically and abroad, and to carry out all operations directly or indirectly related thereto. The practice also includes acquiring, encumbering, transferring or administering real estate, both domestically and abroad. It may also carry out financing for its own account or for the account of third parties and provide guarantees and securities for its subsidiaries as well as third parties.