The holding and administration of participations in companies, in Switzerland and abroad, excluding those holding real estate assets for residential purposes in Switzerland. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as carry out all operations that are directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also carry out financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.