The acquisition, administration and management of direct and indirect participations in all companies, in Switzerland or abroad, in the sense of a holding company, including the ownership of commercial properties. The company may also carry out, either on its own account or on behalf of third parties, all commercial, movable and financial transactions in direct or indirect connection with its purpose, in any form, including in the form of participations. The company may open branches in Switzerland and abroad, establish or acquire any business pursuing an analogous or complementary purpose. The company may grant loans or guarantees to its associates or to third parties.