The present company ensures the financing of the companies of the Michelin Group. It is entitled, according to its needs, to refinance itself on the capital markets, whether national or international. In order to achieve this purpose, the company: a) ensures in particular the financial coordination of the companies of the Michelin Group through all financial transactions of any kind, including in particular bank and non-bank loans, short, medium and long-term, bond loans, loans of any kind short, medium and long-term, granting of all real and personal guarantees, issuance, acquisition, transfer, sale and exchange of all shares, founder's shares, profit-sharing certificates and generally all securities, b) carries out all real estate transactions, c) and, in general, enters into all agreements, all conventions and exercises all rights compatible with Swiss legislation. The company may also take majority or minority stakes in other companies of the most diverse kinds and create branches, both in Switzerland and abroad.
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