The purpose of the company is the acquisition and sale of river and ocean cruises as well as other travel services and related activities, as well as the promotion and support of travel agencies and other sales outlets in the distribution of products for river and ocean cruises. The company may establish branches and subsidiaries at home and abroad and acquire, hold, dispose of or finance any type of business. The company may acquire, hold and dispose of real estate. The company may engage in all commercial activities that are directly or indirectly related to the purpose of the company and take all measures that seem appropriate to promote the company's purpose or are related thereto. The company may grant direct or indirect financing to third parties, including companies in which it is directly or indirectly involved as well as direct or indirect shareholders or companies in which they are directly or indirectly involved, either by way of loans or other financing, and may provide securities of any kind for their liabilities, including by way of pledges on or fiduciary transfers of the company's assets or by way of guarantees of any kind, whether for consideration or not, even if such financing or securities are exclusively in the interest of companies in which it is directly or indirectly involved or of direct or indirect shareholders or companies in which they are directly or indirectly involved. The company may enter into cash pooling agreements with other group companies.
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