The purpose of the company is the acquisition, holding and management as well as the sale of participations. 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 that is 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, with or without consideration, as well as grant guarantees and sureties for direct or indirect parent companies and their direct or indirect subsidiaries, as well as for third parties, including their direct or indirect shareholders. It may acquire, develop, manage and exploit patents, trademarks, licenses, manufacturing processes and intellectual property rights.