The acquisition, holding, management and sale of participations in companies of any kind, in Switzerland or abroad, excluding participations in companies holding residential real estate in Switzerland. The Company may also carry out, in Switzerland and abroad, all commercial or financial activities, conducted on its own account or on behalf of third parties, related to the trade of raw materials, such as sales, purchases or transportation. To this end, the Company may provide administrative services and participate in industrial and commercial enterprises. It may also participate in the financing, in particular by providing guarantees and securities of any kind, of other entities of the group to which the Company belongs in the interest of said group, and establish branches or found subsidiaries in Switzerland and abroad.