The acquisition and management of participations in all companies, with the specification that the company may hold participations in real estate companies in Switzerland exclusively if the shares of the latter are listed on a stock exchange in Switzerland or if the company has the purpose of acquiring properties for exclusively commercial use. The company may provide all types of services to any affiliated company (i.e. direct or indirect subsidiaries, sister or parent companies). The company may establish branches and subsidiaries in Switzerland or abroad. The company may provide financial assistance to any affiliated company (i.e. direct or indirect subsidiaries, sister or parent companies), including providing loans, advances, guarantees or securities of all kinds, against remuneration or free of charge. It may also grant loans, advances, guarantees or securities of all kinds to third parties. The company may acquire, hold and dispose of properties exclusively for commercial use in Switzerland. The company may acquire, operate, hold and dispose of patents, trademarks, copyrights, designs and all intellectual property rights. The company may raise funds by borrowing in any form or by any type of issue, including securities, debt instruments or bonds, and may issue in general securities of any nature. The company may furthermore carry out all operations that promote or facilitate its development or that are directly or indirectly related to its corporate purpose.