The acquisition, holding, administration and disposal of participations in companies in Switzerland and abroad (in the case of companies holding real estate located in Switzerland, these must have an exclusively commercial use); the company may carry out all commercial or financial transactions directly or indirectly related to its purpose; it may also create branches and subsidiaries in Switzerland and abroad and acquire, hold, administer and dispose of real estate, in Switzerland only those with commercial use, and intellectual property; the company may grant loans or any other form of financing to affiliated companies, as well as provide any type of security, for the direct or indirect benefit of affiliated companies (or third parties), in particular in the form of guarantees, pledges or fiduciary transfers of the company's assets.