In the sense of a holding company, the acquisition, purchase, sale, administration and management of participations in all companies or commercial or financial enterprises, directly or indirectly, in Switzerland and abroad (the company being able to acquire participations in companies holding properties for exclusively commercial use); to establish branches or subsidiaries in Switzerland or abroad; to grant and secure any loan, financing and provide any guarantee to its shareholders, if it serves their interests, or to third parties; all activities in the field of real estate, in particular management, purchase, sale, for exclusively commercial use; the company may also carry out all commercial, financial, securities or real estate transactions directly or indirectly related to its purpose.