Acquisition, holding, management and sale of participations in Swiss or foreign companies of any kind; Acquisition, holding and disposal of real estate, in the case of Swiss real estate limited to business premises or those exclusively intended for commercial purposes; The company may enter into transactions with affiliated companies, in particular with its direct or indirect shareholders and other group companies, even without adequate consideration; Granting of loans to group companies or securities for their obligations; Acquisition, holding and disposal of real estate assets and participations, in Switzerland and abroad.