The purpose of the company is to acquire and manage participations in other companies in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad. The company may acquire, hold, encumber, sell and manage real estate in Switzerland and abroad. It may also carry out financing on its own account or on behalf of third parties, as well as provide guarantees and sureties for subsidiaries and third parties. It may conduct all business that is directly or indirectly related to its purpose.