The acquisition, holding, management, administration and realization of participations in all types of companies, excluding companies holding residential real estate in Switzerland, as well as the holding and exploitation of all franchises, licenses, patents and trademarks; the provision of all advice, services and performances, as well as the exercise of all activities in the automotive and tourism sectors, in particular the rental of tourist vehicles. It may perform any act and exercise any activity that is directly or indirectly related to its purpose. It may establish branches and subsidiaries in Switzerland and abroad and may hold participations in other companies. It may acquire, hold, encumber with limited real rights, administer and alienate properties in Switzerland (for exclusively commercial use only) and abroad. It may grant loans or any other form of financing to affiliated companies or third parties, as well as provide securities of any kind, for the direct or indirect benefit of affiliated companies or third parties.
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