The purchase, sale, holding and management of securities and participations in all types of companies or enterprises, in Switzerland or abroad; the purchase, sale, leasing and holding of all real estate properties, in Switzerland or abroad (in compliance with the Federal Act on the Acquisition of Real Estate by Foreigners). The Company may: carry out for its own account or for the account of third parties, all financial, commercial, industrial, movable and immovable transactions (in compliance with the Federal Act on the Acquisition of Real Estate by Foreigners), in Switzerland and abroad, directly or indirectly related to the main purpose; create subsidiaries and branches in Switzerland and abroad; participate in all enterprises having a direct or indirect connection with its purpose; grant loans or guarantees to subsidiaries, shareholders or third parties.