The company's purpose is to hold and manage, encumber, develop, acquire and sell real estate in Switzerland and abroad, as well as to trade in goods of all kinds. The company may establish branches and subsidiaries in Switzerland and abroad, acquire, manage and utilize participations in Switzerland and abroad, and acquire or merge with similar or related businesses. It may acquire, utilize and sell patents, rights and licenses. It may provide financing for its own account or for the account of third parties and grant guarantees and sureties for its subsidiaries and third parties. Furthermore, the company may conduct any business or conclude any contracts that are suitable to promote the development of the company and the achievement of its purpose or that are directly or indirectly related thereto.