The acquisition, administration and management of participations in all commercial, financial, industrial or real estate companies, as well as their financing, excluding real estate transactions in Switzerland that do not have an exclusively commercial purpose. The Company may, either on its own account or on behalf of third parties, carry out all financial, commercial, industrial or real estate transactions in Switzerland and abroad that are directly or indirectly related to its main purpose; create branches or subsidiaries in Switzerland and abroad; participate in all enterprises having a direct or indirect connection with its purpose; grant loans or guarantees to subsidiaries, shareholders or third parties.