The acquisition and administration of participations, on its own account or on behalf of third parties, as representative or in a fiduciary capacity, in commercial, industrial, financial and real estate companies located in Switzerland or abroad, with the exception of any transactions contrary to the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE), by acquiring shares, bonds, participations, holding claims in any other suitable form. The company may: carry out any financial, commercial and industrial activities, movable or immovable, directly or indirectly related to its purpose (excluding any transactions prohibited by the LFAIE); establish branches or subsidiaries in Switzerland and abroad; participate in all companies having a direct or indirect connection with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.