The acquisition, sale, administration, permanent management and disposal of participations in all companies or enterprises, directly or indirectly, in Switzerland or abroad, the participations in real estate companies in Switzerland being limited to properties with exclusively commercial use. The company may carry out any financial, commercial or industrial activity directly or indirectly related to its purpose, establish branches or subsidiaries in Switzerland and abroad, participate in all enterprises and grant loans or guarantees to associates or third parties, if it serves its interests.