The acquisition and management, directly or indirectly, of participations in other companies, Swiss or foreign, the financing of groups of companies as well as placement and investment activities, in Switzerland or abroad. The company may also carry out all operations suitable to promote or facilitate the development of the company and the achievement of its corporate purpose, such as, in particular, establishing branches, both in Switzerland and abroad, participating in other companies of a similar nature, both Swiss and foreign, and acquiring, selling, managing and encumbering real estate. The company is authorized to take financing, restructuring and intercession measures in favor of its shareholders or third parties; the company may also grant loans to shareholders, group companies or third parties, if this is in the interest of one or all of the aforementioned persons.