The company's purpose is to engage in commercial activities and to hold direct participations in any commercial, industrial or other companies in Switzerland or abroad, and to administer and sell such participations, excluding any transactions subject to the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE). The company may: engage in any commercial, financial, industrial, real estate or movable property activity, directly or indirectly related to its purpose, except for transactions prohibited by the LFAIE; establish branches or subsidiaries in Switzerland and abroad; participate in any business having a direct or indirect connection with its purpose; grant loans or guarantees to associates, its subsidiaries or branches, or to third parties, if it serves its interests.