In Switzerland and abroad: the acquisition, sale, holding and management of participations in all types of companies and enterprises, in the sense of a holding company, as well as any other activity having a direct or indirect connection with the aforementioned purpose, excluding participations in real estate companies holding residential properties in Switzerland; the acquisition, ownership, management and operation of land, buildings or real estate rights by lease, rental or otherwise and generally, all other operations that can be directly or indirectly related to its object, excluding any operation or transaction involving residential properties in Switzerland; the provision of services including advisory activities.