The purchase, sale, holding, administration and management of all participations, including in trust form, the acquisition, direct or indirect, of real estate, which will be exclusively commercial if located in Switzerland. All advisory, financial or other services in favor of the companies and corporations in which it participates. The company may create subsidiaries in Switzerland and abroad and branches as well as hold participations in all commercial and civil companies and corporations, in Switzerland and abroad. The company may acquire, hold and dispose of intellectual property rights. The company may carry out all commercial, financial or other operations that are directly or indirectly related to its corporate purpose. The company may grant loans or guarantees to its shareholders and the companies in which it participates and act as guarantor for them.