In the sense of a holding company, the acquisition, purchase, sale, administration and management of participations in all commercial or financial companies or enterprises, directly or indirectly, in Switzerland and abroad - with the exception of participations in any company whose purpose is the acquisition of real estate in Switzerland other than exclusively for commercial use - as well as all financial, commercial or securities transactions aimed at promoting its purpose. The company may also acquire, hold, manage, exploit and grant licenses on intellectual property rights (including trademarks, domain names, intangible rights). The company may also grant loans to shareholders or third parties, act as guarantor for loans subscribed by shareholders or third parties, guarantee these loans by issuing or pledging mortgage securities or by subscribing to any other financial commitment, pledge its assets to guarantee any claim.