The acquisition, holding, administration and disposal of minority or majority, direct or indirect participations in all companies in the commercial, industrial, real estate or financial sector, both in Switzerland and abroad; granting loans, advances or guarantees to these companies or third parties. The company may engage in any financial, commercial, industrial, movable or immovable activity directly or indirectly related to its purpose or likely to promote its realization, conclude contracts that are intended to develop its activities or relate directly or indirectly to them, receive income in the form of interest, commissions and dividends, establish branches or subsidiaries in Switzerland and abroad, acquire participations, acquire or create identical or similar companies, participate in all companies having a direct or indirect relationship with its purpose. It may carry out these operations for its own account as well as for the account of third parties. It may acquire, operate and dispose of real estate; it may grant loans and provide guarantees to any person, in particular to its associates and managers.