Acquisition and administration of participations, on its own account or on behalf of third parties, as representative or in a fiduciary capacity, in commercial, industrial, financial and real estate companies, located in Switzerland or abroad, by acquiring shares, bonds, participations, holding claims in any other suitable form, as well as managing all real estate transactions, purchasing, selling, renting, constructing, transforming and renovating buildings. The company may carry out all financial, commercial, industrial, movable or real estate transactions directly or indirectly related to its purpose or likely to promote it. It may establish branches or subsidiaries in Switzerland and abroad. It may participate in all companies having a direct or indirect relationship with its purpose. It may grant loans or guarantees to associates or third parties if it serves its interests.