The holding, management and acquisition of participations in all companies and/or enterprises both in Switzerland and abroad, excluding participations in any company whose purpose is the acquisition of non-commercial real estate in Switzerland; all activities in the field of real estate, in particular related to the study, planning, promotion, management and realization of construction of any kind, this purpose being limited in Switzerland to the acquisition of exclusively commercial properties; the purchase and sale of movable assets of all kinds; it may also carry out all commercial, financial, movable or immovable transactions directly or indirectly related to its purpose.