The subscription, purchase, sale, administration, control and management of participations in companies or commercial, financial, industrial, movable or immovable property companies, directly or indirectly, excluding participations in companies or companies holding residential real estate in Switzerland. The company may, directly or indirectly, acquire, hold, use, manage, administer, rent, operate, maintain, build, develop, transform, develop, subdivide, mortgage, sell, transfer or dispose of all movable or immovable property, excluding residential real estate in Switzerland. The company may grant loans or other financing to affiliated companies or third parties and provide collateral of any kind for the obligations of affiliated companies or third parties, including guarantees, pledges and fiduciary assignments of the company's assets. The company may carry out all operations within the scope of the purpose or enabling the achievement of the corporate purpose and may take participations in all companies or companies having a similar or analogous purpose in Switzerland or abroad. The company may establish branches in Switzerland or abroad.
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