Participation in, holding and management of participations in various existing or to be established companies in Switzerland and abroad, as well as all transactions related thereto. The company may establish branches and subsidiaries in Switzerland and abroad, and may directly or indirectly finance companies in which it has a participation. The company may acquire, hold, manage, utilize, encumber and sell immaterial goods and real estate in Switzerland and abroad. Furthermore, the company may engage in all commercial, financial and other transactions, enter into obligations and conclude contracts that are suitable to promote the development of the company and the achievement of its purpose, or that are directly or indirectly related to the company's purpose.