The acquisition, holding and all operations related to the sustainable management of participations in all Swiss or foreign companies in the sense of a holding company, as well as their financing; the acquisition of participations in Switzerland is exclusively for commercial purposes (i.e. excluding real estate transactions prohibited by the LFAIE). The company may acquire participations, sell and manage them, participate in other companies and create subsidiaries in all fields. All financing and credit activities and loans, credits to national and foreign companies, guarantees and sureties for subsidiaries and third parties, restructuring and intercession measures in favor of shareholders. All investment activities, in particular in shares, securities portfolios and financial instruments of all kinds, including financing activities by third parties and the issuance of debt securities by issuers in the context of private placement transactions (bonds, medium-term notes, bank guarantees, stand-by credits). All commercial activities of all types of goods worldwide, in particular the trade in goods, acquisition, management and disposal of copyrights, patents, licenses, property rights, know-how and commercial exploitation of all kinds; business consulting, in particular with regard to the creation, acquisition, merger, transformation, sale and liquidation of companies, as well as in matters of project development and management, corporate financing and restructuring, the purchase, sale, holding, valuation of companies in all fields. The company may carry out all commercial, financial, industrial, movable and immovable transactions for its own account or for the account of third parties in direct or indirect relation to its main purpose, in Switzerland and abroad, open branches in Switzerland and abroad and acquire participations in other companies with a similar or related purpose.