The Company's purpose is the acquisition, holding, permanent management, and sale of equity interests in companies and securities of all kinds in Switzerland and abroad, it being specified that with regard to possible equity interests in real estate companies in Switzerland, only the acquisition, holding, permanent management, and sale of equity interests in companies whose purpose is the acquisition and holding of real estate exclusively for commercial purposes is possible. It may perform any act and carry out any activity that is directly or indirectly related to its purpose. It may establish branches and subsidiaries in Switzerland and abroad. It may acquire, hold, encumber with limited real rights, administer, and dispose of real estate in Switzerland (exclusively for commercial purposes only) and abroad. It may grant loans or financing in any form to any affiliated company (including parent companies and their subsidiaries) or guarantee or provide other securities for all obligations of such affiliated companies, without regard to concentration risk and with or without compensation.