The acquisition, permanent administration and sale of participations in companies of all types in Switzerland and abroad, in particular in the field of trade and services, if necessary, with participations in real estate companies exclusively for commercial use in Switzerland and with the holding of properties exclusively for commercial use. The company may finance other companies. The company also has the purpose of acquiring, storing, permanently administering, lending and selling works of art of all kinds, in particular for resale and for holding private or public exhibitions, free of charge or for a fee, both nationally and internationally. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may grant direct or indirect financing to its direct or indirect subsidiaries as well as to third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, for their own commitments as well as for those of other companies (including direct or indirect shareholders of the company or companies in which these shareholders have a direct or indirect participation), issue securities of all kinds, including by way of pledges on the company's assets or fiduciary transfers or assignments of the company's assets, issue guarantees, provide guarantees or otherwise secure or guarantee obligations of the company or these other companies, with or without remuneration. Furthermore, it may operate or associate with the companies mentioned above in cash pooling/centralization of net liquidity, including periodic balance adjustments, and this also without consideration, on preferential terms, without interest, excluding the company's profit motive and incurring a concentration of risks. The company may carry out all commercial, financial and other activities suitable to promote its purpose or related to it.