The purpose of the company is to acquire and manage participations in other companies in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad. The company is authorized to acquire, encumber, sell and manage real estate in Switzerland and abroad. Furthermore, the company may engage in all commercial, financial and other activities that are related to the purpose of the company. In particular, it may also provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.