The purpose of the company is: the purchase, sale, administration and management of participations in all companies or commercial, financial, industrial or other enterprises, in Switzerland or abroad, as well as their financing. The company may also carry out all commercial, financial, movable or immovable transactions, the latter to the extent that they are not subject to the Federal Act on the Acquisition of Real Estate by Foreigners of December 16, 1983 (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.