The purchase and sale of horses for its own account, including internationally; the management of a horse stable and the breeding of racing, sports and polo horses for its own account, including internationally; advising third parties on the purchase, sale of horses, management of a stable and breeding of racing, sports and polo horses, including internationally. It may also acquire and administer participations, for its own account or for the account of third parties, in commercial or industrial companies, based in Switzerland or abroad, by acquiring shares, bonds, parts, holding claims or any other suitable form, taking out patents and trademarks. It may carry out all operations that are directly or indirectly related to its main purpose. The company may grant loans to its associates or third parties, guarantee loans taken out by its associates or third parties, secure these loans by issuing or pledging mortgage securities or by subscribing to any other financial commitment, pledge its assets to secure any claim. The company may carry out any commercial and financial activity, any investment or other activity directly or indirectly related to its purpose or which is suitable to achieve it. It may carry out these operations for itself or for the account of third parties, as a representative or agent or have them executed on its behalf by third parties. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad.