The acquisition and disposal of interests in all industrial, commercial, financial, real estate or other companies in Switzerland and abroad, as well as the management of such interests and the financing of subsidiaries; excluding all operations prohibited by the Federal Act of 16 December 1983 on the acquisition of real estate by foreigners (LFAIE). The company may: engage in all financial, commercial or industrial activities, movable or immovable, directly or indirectly related to its purpose or likely to promote it, participate in all undertakings having a direct or indirect connection with its purpose, grant loans or guarantees to shareholders or third parties in the interest of the company, acquire or sell real estate related to the company's purpose. It may establish branches in other locations.