The acquisition, sale, holding and management of participations in all types of companies, in Switzerland and abroad, excluding participations in companies holding residential real estate in Switzerland. The company may, on its own account or on behalf of third parties, carry out all commercial, financial, industrial, movable or immovable (excluding operations prohibited by the LFAIE) transactions in Switzerland and abroad, directly or indirectly related to its main purpose. It may also establish branches and/or subsidiaries in Switzerland and abroad. The company may also grant loans to its associates and/or guarantee, secure or guarantee loans granted by third parties to its associates.