The purpose of the company is to hold participations. The company may establish branches, carry out all financial, movable and immovable transactions and conclude all contracts that are suitable for developing its purpose or are directly or indirectly related to it. The company may engage in any financial, commercial, industrial, movable or immovable activity that is directly or indirectly related to its purpose or is intended to promote its realization, conclude contracts that are intended to develop its activities or are directly or indirectly related to them, receive income in the form of interest, commissions and dividends, establish branches or subsidiaries in Switzerland and abroad, acquire or create identical or similar companies, participate in all companies that have a direct or indirect relationship with its purpose. It may carry out these transactions for its own account as well as for the account of third parties. It may grant loans and provide guarantees in favor of any person, in particular its shareholders and managers.