The purpose of the company is to hold, manage and dispose of participations in domestic and foreign companies. The company may establish subsidiaries and branches and may participate in other companies. The company may acquire, hold, encumber and dispose of real estate and intangible property rights. The company may also engage in all commercial, financial and other activities that are directly or indirectly related to the purpose of the company. The company may grant loans and other direct or indirect financings to affiliated companies and third parties, including their (direct and indirect) shareholders as well as their affiliated companies, and may provide securities of any kind for their liabilities, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether or not for consideration.