Participation in companies and financial, commercial, industrial and real estate companies both in Switzerland and abroad and any direct or indirect activity with the social purpose. Any real estate activity in Switzerland is excluded. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other Swiss or foreign companies, acquire or establish other companies of the same kind, as well as conclude all transactions and contracts that are suitable to promote the purpose of the company or that are in any case in a direct or indirect relationship with the achievement of the same purpose.