The company's purpose is to hold participations, in whatever form, in other Swiss or foreign companies, to acquire by purchase, subscription or any other means, and to transfer by sale, exchange or any other means, shares, bonds, debt securities and other securities of any kind, as well as to own, manage, develop and manage its portfolio, excluding any prohibited real estate participation in Switzerland within the meaning of the LFAIE. The company may establish branches and subsidiaries in Switzerland and abroad. The company may enter into transactions with affiliated companies, in particular its direct and indirect shareholders and other group companies, without adequate compensation; the company may in particular grant loans or guarantee the obligations of affiliated companies. The company may acquire, manage, encumber and dispose of real estate and participations in Switzerland and abroad, excluding any prohibited real estate transactions in Switzerland within the meaning of the LFAIE. The company may engage in any activity directly or indirectly related to its aforementioned purpose.