The purchase, sale, holding, administration and management of all participations, in the sense of a holding company, including the acquisition, direct or indirect, of real estate, which will be exclusively commercial in nature, if located in Switzerland; as well as the exercise of financing, control and advisory activities in favor of the companies and corporations in which it participates and the granting of guarantees to them. The company may create subsidiaries in Switzerland and abroad, as well as branches, and hold participations in all companies in Switzerland and abroad. The company may acquire, hold and dispose of commercial properties, 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 shareholders and the companies in which it participates and act as guarantor for them.