The holding of participations in all commercial, artisanal or other companies, with the specification that it may only hold participations in real estate companies with exclusively commercial use in Switzerland. Furthermore, it may carry out, either on its own account or on behalf of third parties, all financial, commercial, movable or immovable transactions directly or indirectly related to its corporate purpose and may be interested, in any form, in all similar companies, in particular by taking participations in similar companies. The company may grant loans or guarantees of any kind, either to third parties or to its associates, if it serves its interests. The company may also establish branches and subsidiaries in Switzerland and abroad.