The purpose of the company is the purchase, sale, brokerage, management and exploitation of real estate (excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad) on its own account or on behalf of third parties, the acquisition, holding, management and exploitation of participations in all types of commercial, financial, industrial and real estate companies (excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad). The company may conduct all financial, commercial, industrial, movable and real estate transactions (excluding transactions subject to the Federal Act on the Acquisition of Real Estate by Persons Abroad) in Switzerland and abroad, directly or indirectly related to the main purpose, either on its own account or on behalf of third parties. The company may open branches and hold subsidiaries. The company may also grant loans to its shareholders and/or solidarize with its shareholders, guarantee for them or stand in for them.