The purpose of the company is: the holding, acquisition and taking of participations in all companies, both in Switzerland and abroad, as well as the administration and management of companies. The company may also carry out all commercial, financial, movable and 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); grant loans or guarantees to shareholders or third parties, if it serves its interests; 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.