In Switzerland and abroad, all activities related to movable and immovable property, in particular promotion, acquisition, holding, development, construction, rental, administration, management and sale of properties and other movable and immovable assets, all commercial operations, in particular the creation and management of companies, study and advice on the placement of exclusively patrimonial capital of individuals with economic or family ties, acquisition, sale, holding and management of participations in all types of commercial, financial, industrial and real estate companies and enterprises, in the sense of a holding company, as well as any other activity having a direct or indirect connection with the aforementioned purposes; the company may carry out, either on its own account or on behalf of third parties, all commercial, financial, movable or immovable operations directly or indirectly related to its purpose; it may create branches or subsidiaries in Switzerland and abroad; the company may also grant loans or guarantees to its direct or indirect shareholders or to third parties and to any other company belonging to the same group, direct or indirect financing, whether by means of loans or by granting guarantees or securities, of any type, in exchange for adequate consideration.