The purchase, holding, management and sale of participations in companies based in Switzerland and abroad. The company may also carry out activities of granting loans, guarantees, including mortgages, sureties and guarantees, also in favor of third parties, excluding, however, the exercise of banking and insurance activities. The company may also acquire, encumber, manage, administer and sell real estate in Switzerland and abroad, as well as participate in real estate companies and enterprises with headquarters and/or activities in Switzerland and abroad, in compliance with the applicable regulations. The company may also carry out all commercial, industrial and financial operations deemed necessary or useful and functionally connected with the company's purpose, as well as open branches and subsidiaries in Switzerland and abroad.