The company's purpose is the acquisition and administration of participations in commercial, industrial and financial enterprises located in Switzerland or abroad, the purchase, sale and management of securities, as well as the placement of capital, with the exception of operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE). The company may, excluding operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE), engage in any financial, commercial or industrial activity, whether movable or immovable, directly or indirectly related to its purpose; establish branches or subsidiaries in Switzerland and abroad; participate in all enterprises having a direct or indirect connection with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.