The company's purpose, in the sense of a holding company, is to acquire, purchase, sell, administer and manage participations in all commercial, financial or real estate companies, directly or indirectly, in Switzerland and abroad, excluding participations in any company whose purpose is to acquire real estate in Switzerland for purposes other than exclusively commercial use, as well as to finance, hold, manage and dispose of real estate, it being specified that real estate located in Switzerland may only have an exclusively commercial use. Furthermore, it may carry out all commercial, financial or securities transactions directly or indirectly related to its purpose.