The purchase, sale, administration and management of participations in all companies or enterprises, directly or indirectly, in Switzerland or abroad (with regard to real estate companies based in Switzerland, only those holding properties with exclusively commercial use). The company may establish branches and subsidiaries in Switzerland and abroad, as well as carry out all operations that are directly or indirectly related to its purpose. The company may acquire, mortgage, sell and manage real estate. It may carry out financing for its own account or for the account of third parties, as well as grant guarantees and securities to its subsidiaries and third parties.