The acquisition of participations for its own account or for the account of third parties in companies active in commercial, industrial or financial matters in Switzerland or abroad, as well as the realization of investments and placements, for its own account, in all areas, excluding operations prohibited by the LFAIE; the operation of a general building enterprise, including demolition and masonry work, excluding operations prohibited by the LFAIE; to carry out all real estate transactions, including all activities related to the purchase, sale, holding, management, promotion, construction and development of built or unbuilt properties, excluding operations prohibited by the LFAIE. In general, the company may create branches or subsidiaries in Switzerland and abroad, participate in other companies, acquire or found companies with an identical or analogous purpose, grant loans or guarantees to associates or third parties, carry out all financial, commercial, movable, real estate and other transactions, both in Switzerland and abroad, and conclude all contracts suitable for developing its purpose or related thereto directly or indirectly.