The purpose of the company is the management of participations and, in connection therewith, the acquisition and disposal of such participations in companies of all kinds, as well as the financing and execution of all transactions related to the aforementioned purposes. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and 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, as well as grant guarantees and sureties for subsidiaries and third parties.