The company's purpose is to carry out all operations directly or indirectly related to the acquisition of participations, in any form, in any companies, as well as the administration, management, control and development of these participations, excluding operations prohibited by the legislation on the acquisition of real estate by foreigners. It may borrow with or without security, mortgage or pledge its assets, or provide personal and/or real guarantees in favor of other companies, corporations or third parties, subject to the applicable legal provisions. In general, the company may engage in all commercial, industrial, financial, securities, real estate or other activities directly or indirectly related to its corporate purpose or which would facilitate or promote its realization, subject to the aforementioned legal reserves. The company may: engage in any financial, commercial or industrial activity, related to securities or real estate, directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in any companies having a direct or indirect relationship with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.