The purchase, administration and sale of participations in industrial, commercial, financial or real estate companies and enterprises in Switzerland and abroad, in any form whatsoever, as well as the financing of similar companies or enterprises, excluding real estate transactions in Switzerland that do not have an exclusively commercial purpose. The company may also establish branches and subsidiaries in Switzerland and abroad and acquire, hold, administer and dispose of real estate in Switzerland (exclusively commercially used properties) and intellectual property. The company may grant loans or any other form of financing to affiliated companies, as well as provide any type of security, for the direct or indirect benefit of affiliated companies (or third parties), in particular in the form of guarantees, pledges or fiduciary transfers of the company's assets.
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