The purchase, sale, administration and management of participations in all companies or enterprises, directly or indirectly, in Switzerland or abroad (with regard to real estate companies based in Switzerland, only those holding properties with exclusively commercial use). The company may carry out, either on its own account or on behalf of third parties, all financial, commercial, industrial, movable and immovable transactions (with regard to properties located in Switzerland, only in connection with properties with exclusively commercial use), in Switzerland and abroad, directly or indirectly related to the main purpose, create subsidiaries and branches in Switzerland and abroad, participate in all enterprises having a direct or indirect connection with its purpose, grant loans and guarantees to subsidiaries, associates or third parties.