The acquisition and administration of participations in companies or enterprises in Switzerland or abroad, active in all commercial fields, including the sale, purchase, maintenance, rental of all movable and immovable property, acquisition, sale, rental of goods of all kinds, import and export of all materials. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire companies with an identical or similar purpose, or merge with such companies, acquire or sell real estate, carry out all operations and conclude all contracts suitable for developing and expanding its purpose or related directly or indirectly. The company may, in general, carry out all activities related to the aforementioned purposes. The company may carry out all commercial or real estate transactions directly or indirectly related to the social purpose, in particular grant loans to shareholders.