The financial participation in other companies, in particular the acquisition and management of shares of national and foreign companies and the granting of loans. The company may also operate on a fiduciary basis, both in Switzerland and abroad. The purchase and sale and management of real estate, located outside of Switzerland, as well as all similar commercial, financial and administrative activities related to this real estate activity: the holding and use of patents, trademarks and know-how, as well as all similar financial and administrative activities related to this activity. The company may also hold, directly or indirectly, real estate properties located outside of Switzerland or participations in foreign real estate companies. The company may acquire, own and sell real estate only outside of Switzerland.