The purpose of the company is to acquire and manage permanent participations of any kind in other companies at home and abroad, in particular through the acquisition of securities. The company may establish branches and subsidiaries at home and abroad. The company may conduct business with or for the benefit of related parties, even without adequate consideration, in particular with its direct and indirect shareholders as well as other group companies, notably by granting loans to these persons or issuing guarantees, sureties, pledges or other securities to secure their liabilities. The company may acquire, manage, encumber and sell real estate and participations at home and abroad. The company may engage in any further activity that is directly or indirectly related to the aforementioned purposes.