either on its own account or on behalf of third parties, the acquisition, management and disposal of participations in Switzerland and abroad in the sense of a holding company, if necessary with participations in real estate companies exclusively for commercial use in Switzerland, as well as the exercise of financing activities in favor of and control of such companies. The company may open branches in Switzerland and abroad, found or acquire any company pursuing an analogous or complementary purpose. The company may grant loans or any guarantees either to its shareholders or to third parties. Furthermore, the company may carry out, either on its own account or on behalf of third parties, all commercial, movable and financial transactions, in direct or indirect relation to its purpose and in any form whatsoever.