The company's purpose is to acquire, hold, manage and sell participations 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 is authorized to acquire, encumber, sell, manage and rent real estate. Furthermore, the company 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. In addition, the company may conduct all business that is suitable to promote the development of the company and the achievement of its purpose.