The acquisition, management and sale of interests in companies of all types (with the specification that real estate properties located in Switzerland, held directly or indirectly, must have an exclusively commercial use), as well as all mandates, services and advice to companies, with the specification that any real estate property will have a solely commercial use. The possibility of acquiring interests in listed companies remains reserved. The company may also 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, including in the form of participations. The company may open branches and subsidiaries in Switzerland and abroad, establish or acquire any business pursuing an analogous or complementary purpose; the company may grant loans or guarantees to its shareholders, subsidiaries or third parties.