Trading on its own account and performing financial transactions on its own account, in particular trading in financial instruments, securities and/or derivatives, excluding any activity subject to authorization, any financial intermediary activity and any financial service for third parties. The company may also buy and sell real estate abroad, with the possible holding of buildings for exclusively commercial use. Furthermore, the company may carry out, either on its own account or on behalf of third parties, all commercial, securities and financial transactions, in direct or indirect relation to its purpose, in any form whatsoever, in particular in the form of participations. The company may grant loans or guarantees to its shareholders or to third parties.