The purpose of the company is to acquire, hold and manage participations in Switzerland and abroad, as well as to carry out financial transactions of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may acquire, hold, manage, exploit and sell real estate and intellectual property rights in Switzerland and abroad. The company may carry out all commercial, financial and other activities that appear to promote the purpose of the company or are connected with it.