The purchase, sale, administration and management of participations in all companies or enterprises, directly or indirectly, in Switzerland or abroad. With regard to participations in real estate companies based in Switzerland, they will be limited to real estate companies whose properties are exclusively for commercial use. The Company may, either on its own account or on behalf of third parties, carry out all financial, commercial, industrial, movable and immovable transactions in Switzerland and abroad, directly or indirectly related to the main purpose; create branches or subsidiaries in Switzerland and abroad; participate in all enterprises having a direct or indirect relationship with its purpose; grant loans or guarantees to subsidiaries, shareholders or third parties.