The acquisition, holding, administration, financing and sale of participations, also in the real estate sector, in accordance with applicable laws. It may also make financial or other investments, including in works of art, for the purpose of preserving and increasing the assets. It may also acquire participations in commercial, financial, real estate and industrial companies and carry out all commercial or financial transactions deemed useful or connected to the social purpose. The company may open branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad. The company may also carry out all commercial, financial or other activities that are related to its purpose and, in accordance with applicable laws, acquire real estate in Switzerland and abroad.