The company's purpose is to acquire, sell, administer and manage participations in all companies or commercial, financial, industrial or other enterprises in Switzerland or abroad, as well as to finance them. The company may also create works of art, watches, jewelry and other items. The company may also carry out all commercial, financial, movable or immovable transactions, excluding operations prohibited by the Federal Act of December 16, 1983 on the acquisition of real estate by foreigners (LFAIE), and, in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad. The company may have subsidiaries or establish branches in Switzerland and abroad.