In Switzerland and abroad, the acquisition, sale, holding and management of participations in all types of companies and enterprises, as well as the realization of investments in these, excluding any participation in companies or enterprises holding residential real estate in Switzerland. The company may 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 establish branches and subsidiaries in Switzerland and abroad. The company may also grant loans to its shareholders and/or guarantee, secure or co-sign loans granted by third parties to its shareholders.