excluding any real estate transaction in Switzerland that does not have an exclusively commercial purpose: - purchase, sale, administration and management of participations in all companies and/or businesses both in Switzerland and abroad, - any activity in the field of real estate, in particular purchase, sale, exploitation and rental of real estate, purchase, sale, import-export of all motor vehicles, motorcycles, boats and their accessories, both new and used, any provision of services, advice, brokerage or financing related to the company's fields of activity. Furthermore, the company may carry out all commercial, financial, movable or immovable transactions in direct or indirect relation to its main purpose or apt to favor it, take participations in all companies and conclude all contracts suitable to develop its main purpose, excluding any real estate transaction in Switzerland that does not have an exclusively commercial purpose. It may grant loans or guarantees to its shareholders or third parties if it favors its interests. The company may create branches or subsidiaries in Switzerland or abroad.