The purpose of the company is the acquisition, holding, management and disposal of participations as well as the provision of various management services to companies of the same group in Switzerland or abroad. The company may carry out all commercial and financial transactions that are directly or indirectly related to its purpose, and it may carry out all transactions that are suitable to promote or facilitate the achievement of the company's purpose. Furthermore, it may establish branches and subsidiaries in Switzerland and abroad, acquire, hold, manage and sell real estate. The company may grant loans or other financing to affiliated companies and provide securities of all kinds for the direct or indirect benefit of affiliated companies or third parties, in particular in the form of guarantees, pledges or fiduciary transfers of the company's assets.