In Switzerland and abroad, to acquire, hold and sell shares in companies (excluding companies holding residential real estate in Switzerland), as well as to build, acquire, hold and sell real estate (with the exception of commercial real estate). It may also, either for its own account or for the account of third parties, carry out all financial, commercial, movable or immovable operations directly or indirectly related to its corporate purpose and participate, in any form, in all similar enterprises, notably by taking shares in similar enterprises. The company may also establish branches and subsidiaries in Switzerland and abroad. The company may also grant loans to its shareholders or to related or affiliated companies and/or guarantee, endorse or stand surety for loans granted by third parties to its shareholders or to related or affiliated companies.