In Switzerland and abroad, the acquisition, management, holding, sale and financing of participations in companies of all types, excluding any direct or indirect holding of real estate that does not have an exclusively commercial use if located in Switzerland; as well as associated services. The company may create subsidiaries in Switzerland and abroad and branches as well as hold participations in all commercial and civil companies and enterprises in Switzerland and abroad. The company may acquire, hold and dispose of properties, exclusively for commercial use if located in Switzerland, and intellectual property rights. The company may carry out all commercial, financial or other operations that are directly or indirectly related to its corporate purpose. The company may grant loans or guarantees to its associates and to the companies in which it participates and act as guarantor for them.