The acquisition, sale and administration of participations in other companies or enterprises of any kind by acquiring shares, bonds or participations and holding claims in any other form, with the exception of companies whose purpose is the acquisition of real estate in Switzerland. The company may also carry out, either on its own account or on behalf of third parties, all financial, commercial, industrial, movable and immovable transactions in Switzerland and abroad, directly or indirectly related to the main purpose. It may also create branches and subsidiaries in Switzerland and abroad. Finally, it may grant loans or guarantees to shareholders or third parties if it serves its interests.