Financial and industrial participation, directly or indirectly, in companies in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad. It may acquire, sell, operate, license and acquire patents and, in general, carry out all operations in direct or indirect connection with its purpose. The company may carry out all operations which, in the opinion of its management, are favorable to its purpose or useful for the placement of its assets. It may also acquire, hold or dispose of real estate.